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Some people view cosmetic surgery (c) and facials (f) as perfect substitutes as measured by the utility function U(c,f) = 5c + 10f. What is the marginal utility of cosmetic surg…
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Some people view cosmetic surgery (c) and facials (f) as perfect substitutes as measured by the utility function U(c,f) = 5c + 10f. What is the marginal utility of cosmetic surg…
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Jul 2, 2021
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Some people view cosmetic surgery (c) and facials (f) as perfect substitutes as measured by the utility function U(c,f) = 5c + 10f.
What is the marginal utility of cosmetic surgery?
a. MU = 10.
b. MU = 15.
c. MU = 5.
d. None of the above.
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Russel Winder
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Answer:
c. MU = 5.
Step-by-step explanation:
MU of cosmetic surgery = du(c,f)/dc = 5
Matt Mokary
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Jul 8, 2021
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