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Suppose a consumers utility function is UFO. F1) FF, where Foroprosent food consumed this year and Firepresenta food con
Posted: Wed Mar 09, 2022 8:32 am
by answerhappygod
- Suppose A Consumers Utility Function Is Ufo F1 Ff Where Foroprosent Food Consumed This Year And Firepresenta Food Con 1 (10.5 KiB) Viewed 20 times
Suppose a consumers utility function is UFO. F1) FF, where Foroprosent food consumed this year and Firepresenta food consumed next year. For that utility function, the marginal utility of food consumed this year is 06 (F1/F) and the marginal utility of food consumed next year is 0.4 * FUFP Which of the following expressions gives the consumer's marginal rate of substitution for food this year with food next year (MRS) MR Sor = 12/3)*(F/F) MRS01 Filho MRS1 = (2/3)*(FF O MRSO = (3/2) (F/F)