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Sam purchases clothing (C) and other goods (O) with the utility function U = CO (MUC=O and MUO=C). Her income is 24. The price of
Sampurchases clothing (C) and other goods (O) with the utility function U = CO (MUC=O and MUO=C). Her income is 24. The price of a clothing is 4 and the price of other goods 1. The government has recently completed a study suggesting that, for a decent living, every consumer should consume at least C = 5 units of clothing, considering giving a consumer like Sam clothing voucher. How much should be the worth of voucher for Sam to buy C=5? voucher=$____________
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