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    Intermediate Microeconomics Study Set 1
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    Exam 3: Utility-Part A
  5. Question
    Ambrose Has the Utility Function U(x<sub>1</sub>, X<sub>2</sub>)= 4x<sup>1/2</sup><sub>1</sub> + X<sub>2</sub>
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Ambrose Has the Utility Function U(x1, X2)= 4x1/21 + X2

Question 57

Question 57

Multiple Choice

Ambrose has the utility function U(x1, x2) = 4x1/21 + x2.If Ambrose is initially consuming 64 units of nuts and 10 units of berries, then what is the largest number of berries that he would be willing to give up in return for an additional 17 units of nuts?


A) 9
B) 19
C) 4
D) 2
E) 1

Correct Answer:

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