If the utility function (U)between food (F)and clothing (C)can be represented as U =
,the marginal rate of substitution of clothing for food will ________ if more food and less clothing are consumed.
A)increase in absolute terms
B)decrease in absolute terms
C)remain the same
D)Not enough information.

Question

If the utility function (U)between food (F)and clothing (C)can be represented as U = 
,the marginal rate of substitution of clothing for food will ________ if more food and less clothing are consumed.
A)increase in absolute terms 
B)decrease in absolute terms 
C)remain the same 
D)Not enough information.

Quizplus · Accepted Answer

The Answer of If the utility function (U)between food (F)and clothing (C)can be represented as U = 
,the marginal rate of substitution of clothing for food will ________ if more food and less clothing are consumed.
A)increase in absolute terms 
B)decrease in absolute terms 
C)remain the same 
D)Not enough information.

If the Utility Function (U)between Food (F)and Clothing (C)can Be