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

question 97

Multiple Choice

If the utility function (U) between food (F) and clothing (C) can be represented as U =
,the marginal rate of substitution of clothing for food will ________ if more food and less clothing are consumed.

• A)increase in absolute terms
• B)decrease in absolute terms
• C)remain the same
• D)Not enough information.

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Definitions:

Population Size

Population Size indicates the total number of individuals or units within a specified area or population group at a given time.

Ability

The capacity, skill, or proficiency to do something effectively.

Primary Ecological Succession

The process by which new ecosystems develop on previously uninhabited or barren areas, starting from bare rock or soil.

Hardwoods

Derived from deciduous trees, hardwoods are known for their durability and are widely used in furniture, flooring, and construction.