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Ambrose's Brother Patrick Has a Utility Function U(x1, X2) =

Question 12

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Ambrose's brother Patrick has a utility function U(x1, x2) = 16x Ambrose's brother Patrick has a utility function U(x<sub>1</sub>, x<sub>2</sub>) = 16x <sup> </sup> <sub>1</sub> + x<sub>2</sub>. His income is $82, the price of good 1 (nuts) is $2, and the price of good 2 (berries) is $1. How many units of nuts will Patrick demand? A) 26 B) 12 C) 14 D) 16 E) 30 1 + x2. His income is $82, the price of good 1 (nuts) is $2, and the price of good 2 (berries) is $1. How many units of nuts will Patrick demand?


A) 26
B) 12
C) 14
D) 16
E) 30

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