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Hey there, I am having a tough time doing this microeconomics exercise if you could help, that would be great thanks 2. Jennifer buys two

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Hey there, I am having a tough time doing this microeconomics exercise if you could help, that would be great thanks

image text in transcribed
2. Jennifer buys two goods, food (F) and clothing (C), with the utility function U(F, C') = FC. Assume initially that she has an income of $72, the price of clothing is Pc = $1 per unit, and the price of food is initially PF, = $9 per unit and that the price subsequently falls to PF, = $4 per unit. Use this information and the accompanying graph to answer the following questions. C B - - U 1 BL BL2 F

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