If the Utility Function (U)between Food (F)and Clothing (C)can Be

question 59

Multiple Choice

If the utility function (U) between food (F) and clothing (C) can be represented as U = , the marginal utility of food

• A)is not positive.
• B)does not diminish as food increases.
• C)is not affected by the amount clothing.
• D)increases as one obtains more clothing.

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An economic model that represents all the combinations of goods and services a consumer can afford given their income and the prices of goods.