Multiple Choice
In Problem 3, Ambrose's utility is U(x1, x2) =
. If the price of nuts (good 1) is $1, the price of berries (good 2) is $6, and his income is $186, how many units of nuts will Ambrose choose?
A) 288
B) 144
C) 147
D) 7
E) 72
Correct Answer:

Verified
Correct Answer:
Verified
Q17: In Problem 6, Elmer's utility function is
Q18: Charlie's utility function is U(x<sub>A</sub>, x<sub>B</sub>) =
Q19: Charlie's utility function is U(x<sub>A</sub>, x<sub>B</sub>) =
Q20: In Problem 2, Clara's utility function is
Q21: Charlie's utility function is U(x<sub>A</sub>, x<sub>B</sub>) =
Q23: In Problem 1, Charlie has a utility
Q24: In Problem 6, Elmer's utility function is
Q25: In Problem 3, Ambrose's utility is U(x<sub>1</sub>,
Q26: In Problem 6, Elmer's utility function is
Q27: In Problem 2, Clara's utility function is