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

Question 26

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 4 units of nuts (good 1) and 23 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 45 units of nuts? A) 30 B) 7 C) 10 D) 20 E) 5 . If Ambrose were initially consuming 4 units of nuts (good 1) and 23 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 45 units of nuts?


A) 30
B) 7
C) 10
D) 20
E) 5

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