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The utility that Ann receives by consuming food F and clothing C is given by (, ) = 4 + . Food
costs N$5.00 a unit, and clothing costs N$15.00 a unit. Anns income is N$1850.00
Ann is currently spending all of her income. She is buying 8 units of food. How many units of
clothing is she consuming?

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The utility that Ann receives by consuming food F and clothing C is .pdf

  • 1. The utility that Ann receives by consuming food F and clothing C is given by (, ) = 4 + . Food costs N$5.00 a unit, and clothing costs N$15.00 a unit. Anns income is N$1850.00 Ann is currently spending all of her income. She is buying 8 units of food. How many units of clothing is she consuming?