asked 165k views
5 votes
Suppose that Bridget and Erin spend their incomes on two goods, food (F) and clothing (C). Bridget’s preferences are represented by the utility function U(F,C)=10FC, while Erin’s preferences are represented by the utility function U(F,C) = 20 * F . Food price is $10 per 2 * C 2 unit and Clothing price is $15 per unit. Income is $1000 for both of them. a) Find optimal choices of food and clothing for Erin and Bridget

asked
User NSAnant
by
8.1k points

1 Answer

4 votes

it's food I done this before and I got it right

answered
User Arias
by
8.4k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.