Microeconomics 2nd Edition by Douglas Bernheim

Exercise 1

Natasha's utility function is U ( C , F ) = C 1/3 × F , where C stands for concert tickets and F stands for film tickets. Her income is $300 per month, a concert ticket costs $15, and a film ticket costs $10. What is the formula for Natasha's MRS CF Does it have the declining MRS property How many film tickets will she purchase, and how many concert tickets