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

Question 82

Multiple Choice

If the utility function (U) between food (F) and clothing (C) can be represented as U = 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. ,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.

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