=+5. Suppose that Bridget and Erin spend their incomes on two goods, food (F) and clothing (C).
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=+5. Suppose that Bridget and Erin spend their incomes on two goods, food (F) and clothing (C). Bridget’s preferences are represented by the utility function U(F,C) = 10FC, while Erin’s preferences are represented by the utility function U(F,C) = .20F2 C2
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