Maurice Tutor

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Category > Economics Posted 13 May 2018 My Price 2.00

marginal utility of shelter

Claire consumes three goods out of her income: food (F), shelter (S), and clothing (C). At her current levels of consumption, her marginal utility of food is 3 and her marginal utility of shelter is 6. Her marginal rate of substitution of shelter for clothing is 4. Do you have enough information to determine her marginal rate of substitution of food for clothing? If so, what is it? If not, why not?

 

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Maurice Tutor
(5)
Status NEW Posted 13 May 2018 02:05 PM My Price 2.00

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