Travis K. answered • 09/24/20
Tutor
5.0
(1,014)
Economics Tutor for MBA, Intro (Principles), AP Micro / Macro classes
How do you find an equal combination of goods, when given an indifference curve?
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?
Follow
•
1
Add comment
More
Report
1 Expert Answer
Still looking for help? Get the right answer, fast.
Ask a question for free
Get a free answer to a quick problem.
Most questions answered within 4 hours.
OR
Find an Online Tutor Now
Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.
