Natasha's utility function is U(C, F) = (3 + F) C, where C stands for concert tickets

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Natasha's utility function is U(C, F) = (3 + F) √C, where C stands for concert tickets and F stands for film tickets. For this utility function, the marginal utilities for C and F areMUC = 3 + F / 2 √C
MUF = √C

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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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Question Posted: Mar 18, 2016 04:44 AM

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Natasha's utility function is U(C, F) = (3 + F) C, where C stands for concert tickets

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Natashas formula is MRS CF 3 F2C Her preferences satisfy the declining MRS property Her best choi...View the full answer

Microeconomics

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