Fuhito's marginal utility for burgers is equal to 3 times the number of sodas he is consuming,
Question:
a. What is Fuhito's utility function for burgers and sodas?
b. What is Fuhito's MRS for burgers with sodas?
c. What is Fuhito's utility from 2 burgers and 2 sodas?
d. Draw all the combinations of burgers and sodas that would make Fuhito just as happy as the combination in (c).
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a UBS 3BS b MRS SB c 12 d Explanation Fuhitos marginal utility from burgers is 3 S U ...View the full answer
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