Mark's Utility Function Over Football Tickets (F) and Baseball Tickets

question 75

Essay

Mark's utility function over football tickets (F) and baseball tickets (B) can be expressed as U(F,B) = F + 5B.
a. What is his marginal utility of football tickets?
b. What is his marginal utility of baseball tickets?
c. What is his marginal rate of substitution MRS_FB?

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Definitions:

Type A

A personality type characterized by competitiveness, impatience, and a high level of stress.

Type B

A personality type characterized by a more relaxed, less competitive, and less stress-prone behavior pattern compared to Type A.

Heart Disease

A broad term for a variety of diseases affecting the heart and blood vessels, such as coronary artery disease, heart failure, and arrhythmias.

Positivity

The practice or tendency of being optimistic in attitude and focusing on the good aspects of any situation.