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  3. 2 an individuals preferences over food f and clothing c...

Question: 2 an individuals preferences over food f and clothing c...

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2. An individuals preferences over food (F) and clothing (C) are represented by the utility function U(F, C)FiC. She currently has 9 units of food and 8 units of clothing According to her MRS, she would be willing to give up a maximum of 4/3 units of food to obtain one more piece of clothing. a. True b. False
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