17. Suppose Roy utility function for food (F) and clothing (C) is U(FC) =FC

1. Given that Roy derives utility U=8 graph his indifference curve corresponding with F= {1,2,4}
2. What is the MRS of clothing for food for the basket (1,8) to (2,4)
3. Suppose the utility derived from food and clothing increased by the factor 2 (monotonic transformation). Draw Roys new Indifference curve.
4. Show that the MRS remains constant as he moves from U₁ to U₂
5. State the relationship between the bundle (2,4) (1,8) and (2,8)