[Solved] (Calculus version below.) Shania consumes music CDs and food. (Well, she doesn’t literally consume the CDs, she just buys them and listens to them.) Her utility function is

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(Calculus version below.) Shania consumes music CDs and food. (Well, she doesn’t literally consume the CDs, she just buys them and listens to them.) Her utility function is
where C is the number of CDs and F is pounds of food. For this utility function,
Her monthly income is $ M , food costs $1 per pound, and CDs cost $10 per CD. What is Shania’s MRS CF Do her preferences have the declining MRS property What is her best choice as a function of M Draw Shania’s income-consumption curve. Draw her Engel curves for CDs and food.


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