As in worked-out problems 5.2 and 5.5 (pages 136 and 146), imagine that Natasha spends all of her monthly income on tickets to concerts and fi lms. Suppose the formula for her marginal rate of substitution is MRSCF (3 F)/(2C). (Remember that fractions of tickets are allowed; if she buys half a concert ticket, that means she watches a concert every other month.) Suppose Natashas income is $300 per month. Concert tickets cost $5 each. Draw her price-consumption curve (allowing the price of fi lm tickets to vary), and draw her demand curve for fi lm tickets.
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