Natasha's utility function is U(C, F) = C1/3 x F, where C stands for concert tickets and

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Natasha's utility function is U(C, F) = C1/3 x F, where C stands for concert tickets and F stands for film tickets. Her income is $300 per month, a concert ticket costs $15, and a film ticket costs $10. What is the formula for Natasha's MRSCF? Does it have the declining MRS property? How many film tickets will she purchase, and how many concert tickets?
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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