Question

Let U (F, C) = F C represent the consumer's utility function, where F represents food...

Let U (F, C) = F C represent the consumer's utility function, where F represents food and C represents clothing. Suppose the consumer has income (M) of $1,200 , the price of food (PF) is $10 per unit, and the price of clothing (PC) is $20 per unit. Based on this information, her optimal (or utility maximizing) consumption bundle is:

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