If the utility function (U) between food (F) and clothing (C) can be represented as U =
,the marginal utility of food
A) is not positive.
B) does not diminish as food increases.
C) is not affected by the amount clothing.
D) increases as one obtains more clothing.
Correct Answer:
Verified
Q5: Q26: If Fred's marginal rate of substitution of Q28: Joe's budget constraint equals 500 = 2F Q32: The marginal rate of transformation of y Q35: Joe's income is $500, the price of Q39: Adrian's total utilities of two consumption bundles Q40: The marginal rate of transformation of y Q47: Betty consumes good x and good y.If Q51: If the price of one good increases Q60: If both prices decreases by 50%,![]()
A) budget
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