Multiple Choice
Jane's utility function is represented as: U = F⁰.⁵ C⁰.⁵,F is quantity of food and C is quantity of clothing.If her budget constraint is represented as: 120 = 2F + C,her optimal bundle of consumption should be
A) (40F, 40C) .
B) (20F, 60C) .
C) (50F, 50C) .
D) (45F, 20C) .
Correct Answer:
Verified
Correct Answer:
Verified
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