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This is part 3. 3. Consider a society consisting of just a farmer and a tailor. The farmer has 10 units of food but no

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This is part 3.

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3. Consider a society consisting of just a farmer and a tailor. The farmer has 10 units of food but no clothing. The tailor has 20 units of clothing but no food. Suppose each has the utility function U = F x C. The price of clothing is always $1. Suppose the current price of food is $3. The price of food that clears both markets is; O$0.5 O$1 O$2 O$2.5 O$4 Show your work

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