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Ambrose's Utility Function Is

Question 8

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 $5, and his income is $190, how many units of berries will Ambrose choose? A) 36 B) 101 C) 18 D) 17 E) 21 . If the price of nuts (good 1) is $1, the price of berries (good 2) is $5, and his income is $190, how many units of berries will Ambrose choose?


A) 36
B) 101
C) 18
D) 17
E) 21

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