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In Problem 3, Ambrose's Utility Is U(x1, X2) =

Question 6

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In Problem 3, Ambrose's utility is U(x1, x2) = In Problem 3, Ambrose's utility 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 $7, and his income is $238, how many units of nuts will Ambrose choose? A) 6 B) 196 C) 392 D) 199 E) 98 . If the price of nuts (good 1) is $1, the price of berries (good 2) is $7, and his income is $238, how many units of nuts will Ambrose choose?


A) 6
B) 196
C) 392
D) 199
E) 98

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