Karen is at the supermarket buying her weekly groceries.Since she is on a budget,she wants to limit her purchases to canned soup (C)and prepackaged salad (S).A can of soup costs $1.2 and a tub of salad costs $2.Her utility function is expressed as U(C,S)= F × S.Given that she has only $10 to spend,derive the equilibrium condition using the utility approach.

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The Answer of Karen is at the supermarket buying her weekly groceries.Since she is on a budget,she wants to limit her purchases to canned soup (C)and prepackaged salad (S).A can of soup costs $1.2 and a tub of salad costs $2.Her utility function is expressed as U(C,S)= F × S.Given that she has only $10 to spend,derive the equilibrium condition using the utility approach.

Karen Is at the Supermarket Buying Her Weekly Groceries