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You Have $64 to Spend on Fish (F)and Chips (C)

Question 12

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You have $64 to spend on fish (F)and chips (C).Suppose the price per unit of fish (Pf)is $8 and the price of chips (Pc)is $2.Your utility function for fish and chips is given as You have $64 to spend on fish (F)and chips (C).Suppose the price per unit of fish (P<sub>f</sub>)is $8 and the price of chips (P<sub>c</sub>)is $2.Your utility function for fish and chips is given as such that and are the marginal utilities of F and C.How many units of C and F should you buy to exhaust all income and to maximize utility? such that You have $64 to spend on fish (F)and chips (C).Suppose the price per unit of fish (P<sub>f</sub>)is $8 and the price of chips (P<sub>c</sub>)is $2.Your utility function for fish and chips is given as such that and are the marginal utilities of F and C.How many units of C and F should you buy to exhaust all income and to maximize utility? and You have $64 to spend on fish (F)and chips (C).Suppose the price per unit of fish (P<sub>f</sub>)is $8 and the price of chips (P<sub>c</sub>)is $2.Your utility function for fish and chips is given as such that and are the marginal utilities of F and C.How many units of C and F should you buy to exhaust all income and to maximize utility? are the marginal utilities of F and C.How many units of C and F should you buy to exhaust all income and to maximize utility?

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