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Suppose Your Utility Function for Food (F) and Clothing (C)

Question 47

Multiple Choice

Suppose your utility function for food (F) and clothing (C) is u(F,C) = F + 4C. If you reduce your clothing consumption by 2 units, how much do you have to increase your food consumption in order to maintain the same utility level?


A) 2 units
B) 4 units
C) 6 units
D) 8 units

Correct Answer:

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