Jackie by her colleagues also managers

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Reference no: EM1320654

Q1. Illustrate what are the assumptions being made about Jackie by her colleagues also managers?

Q2. Microeconomics Theorem.

Sarah has a monthly income of 200 dollars that she spends buying food that costs $5, clothes that cost $60 also books that cost $20. Sarah's utility function is given by:

U(F,C,B) = 2ln(f) + 4ln(c) + ln(B)

A) compute the marginal rate of substitution of food for clothing also the MRS of clothing for food.

B) Illustrate what is the relationship between the 2 values?

C) Is F=20, C=1 also B=2 also optimal allocation? Explain

Reference no: EM1320654

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