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In Problem 2, Ambrose Has the Utility Function U(x1, X2)

Question 27

Multiple Choice

In Problem 2, Ambrose has the utility function U(x1, x2) In Problem 2, Ambrose has the utility function U(x<sub>1</sub>, x<sub>2</sub>) . If Ambrose were initially consuming 49 units of nuts (good 1) and 12 units of berries (good 2) , then what is the largest number of berries that he would be willing to give up in return for an additional 32 units of nuts? A) 9 B) 21 C) 8 D) 4 E) 2 . If Ambrose were initially consuming 49 units of nuts (good 1) and 12 units of berries (good 2) , then what is the largest number of berries that he would be willing to give up in return for an additional 32 units of nuts?


A) 9
B) 21
C) 8
D) 4
E) 2

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