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Ambrose's Utility Function Is U(x1, X2) =

Question 42

Multiple Choice

Ambrose's utility function is U(x1, x2) = Ambrose's utility function is U(x<sub>1</sub>, x<sub>2</sub>) = . If the price of nuts (good 1) is $1, the price of berries (good 2) is $5, and his income is $145, how many units of nuts will Ambrose choose? A) 100 B) 200 C) 9 D) 103 E) 50 . If the price of nuts (good 1) is $1, the price of berries (good 2) is $5, and his income is $145, how many units of nuts will Ambrose choose?


A) 100
B) 200
C) 9
D) 103
E) 50

Correct Answer:

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