Question: Please answer the following question Mark has $100 to spend on food (F) and clothing (C). His preferences can be described by the utility function

Please answer the following question

Mark has $100 to spend on food (F) and clothing (C). His preferences can be described by the utility function U(F,C) = F0'6C0'6 The price of food is $5, and the price of clothing is $5. The price of food increases to $10. The amount of money needed to compensate him for the income effect of the price change. 0 None of the offered answers. Q $9.5

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