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  3. 3 suppose natalies income is 200 per month a concert...

Question: 3 suppose natalies income is 200 per month a concert...

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3. Suppose Natalies income is $200 per month, a concert ticket costs $30, a film ticket costs $5, and her preferences are represented by the utility function U(C, F) where C stands for the number of concerts and F stands for the number of films. (a) What is Natalies marginal utility of film tickets? (b) What is Natalies marginal utility of concert tickets? (c) What is Natalies MRS for film tickets with concert tickets? (d) What is the optimal affordable choice of Natalie? e) How much utility does she derive from the optimal affordable choice? (f) Draw to scale Natalies budget line, the optimal affordable choice, the indifference curve passing through the optimal affordable choice
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