Suppose a Consumer's Utility Function Is U(F₀,F₁)= F₀⁰

Multiple Choice

Suppose a consumer's utility function is U(F₀,F₁) = F₀^0.6F₁^0.4,where F₀ represents food consumed this year and F₁ represents food consumed next year.For that utility function,the marginal utility of food consumed this year is 0.6 × (F₁/F₀) ^0.4 and the marginal utility of food consumed next year is 0.4 × (F₀/F₁) ^0.6.Which of the following expressions gives the consumer's marginal rate of substitution for food this year with food next year (MRS₀₁) ?

A) MRS₀₁ = F₁/F₀
B) MRS₀₁ = (2/3) × (F₀/F₁)
C) MRS₀₁ = (2/3) × (F₁/F₀)
D) MRS₀₁ = (3/2) × (F₁/F₀)