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A consumers utility function for the breakfast cereals Fruit Loops and Trix is: u(F, T) = F + T The consumer has a monthly income
A consumers utility function for the breakfast cereals Fruit Loops and Trix is: u(F, T) = F + T The consumer has a monthly income of 600. The price of Fruit Loops is pf and the price of Trix is pt. What is their demand for Fruit Loops (F) if: a) pf = 3 and pt = 2 b) pf = 2 and pt = 3 c) pf = 3 and pt = 3
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