Pls help with thsi question I am stuck   Given the image attatched: 1.Given the above Marginal Utilities and prices to form the optimality condition for utility maximization. According to this optimality condition, what must be the ratio of Films to Books in an optimal consumption bundle? 2. Given your answer to Q9, what must be the household’s optimal consumption of F & B given their income (m)? 3. Suppose that the price of Films changed from $2 to $4. What would need to happen to the MRS according to the optimality condition in Q9 if the household wanted to keep maximizing its utility?

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Form Utility

The term utility in general refers to the satisfaction earned from usage of a particular product or service. Utility always plays an important role because it influences various important elements like demand & thereby the price of the good or service as well. Though utility is not easy to measure, various types of economic models can be used indirectly. There can be various types of utilities like economic utility, marginal utility, cardinal utility, form utility.