If the utility function (U) between food (F) and clothing (C) can be represented as U =2F + 9C, the marginal rate of substitution of clothing for food equals -C/F -2/9 -9/2 -F/C None of the Above

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 17SQ
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If the utility function (U) between food (F) and clothing (C) can be represented as U =2F + 9C, the marginal rate of substitution of clothing for food equals
-C/F
-2/9
-9/2
-F/C
None of the Above
CHECK ANSWER
Transcribed Image Text:If the utility function (U) between food (F) and clothing (C) can be represented as U =2F + 9C, the marginal rate of substitution of clothing for food equals -C/F -2/9 -9/2 -F/C None of the Above CHECK ANSWER
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