Suppose Your Utility Function for Food (F) and Clothing (C)

question 47

Multiple Choice

Suppose your utility function for food (F) and clothing (C) is u(F,C) = F + 4C. If you reduce your clothing consumption by 2 units, how much do you have to increase your food consumption in order to maintain the same utility level?

• A) 2 units
• B) 4 units
• C) 6 units
• D) 8 units

---

Definitions:

Distributed Practice

A learning strategy that involves spreading out study sessions over time rather than cramming them into a short period.

Massed Practice

A learning technique that involves intensive, continuous practice over a short period, often leading to quick learning but poor retention over time.

Non-managerial Employees

Workers within an organization who do not have managerial or supervisory responsibilities, mainly focused on executing tasks rather than overseeing others.

Classroom Training

A traditional form of instruction that takes place in a physical or virtual classroom setting, led by an instructor or facilitator.