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Ambrose's Utility Function Is

Question 3

Multiple Choice

Ambrose's utility function is Ambrose's utility function is . If the price of nuts (good 1) is $1, the price of berries (good 2) is $6, and his income is $198, how many units of berries will Ambrose choose? A) 145 B) 9 C) 18 D) 8 E) 12 . If the price of nuts (good 1) is $1, the price of berries (good 2) is $6, and his income is $198, how many units of berries will Ambrose choose?


A) 145
B) 9
C) 18
D) 8
E) 12

Correct Answer:

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