Popeye likes to buy two goods, spinach (S) (for himself) and flowers (F) (for Olive Oil)

Economics Nov 10, 2020

Popeye likes to buy two goods, spinach (S) (for himself) and flowers (F) (for Olive Oil). Popeye's preferences are given by the the following utility function: U(S, F) = 353 F3 The price of spinach is $1 per can and the price of flowers is $12 per bouquet. Popeye's income this month is $3, 600. (a) What is Popeye's marginal utility of S? What is his marginal utility of F?