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Ambrose's Utility Function Is

Question 12

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 $9, and his income is $369, how many units of berries will Ambrose choose? A) 10 B) 4 C) 325 D) 5 E) 8 . If the price of nuts (good 1) is $1, the price of berries (good 2) is $9, and his income is $369, how many units of berries will Ambrose choose?


A) 10
B) 4
C) 325
D) 5
E) 8

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