Mariah consumes music downloads (M) and concert tickets (C). Her utility function is given by U = 0.5M2 + 2C2, where MUM = M and MUC = 4C.
a. Write an equation for MRSMC = b//IFSaeoFNi2zshnoWrXA==
c. Calculate MRSMC when M = 4 and C = 1 and when M = 2 and C = 2.
When M = 4 and C = 1, MRSMC =
0VV1JcqyBrI=
When M = 2 and C = 2, MRSMC = u8iOqIS5R9bltUTpTXNZgw==