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Ambrose's Utility Is U(x1, X2)= = 4x1/21 + X2

Question 31

Multiple Choice

Ambrose's utility is U(x1, x2) = = 4x1/21 + x2.If the price of nuts (good 1) is $1, the price of berries (good 2) is $4, and his income is $104, how many units of nuts will Ambrose choose?


A) 67
B) 128
C) 64
D) 10
E) 32

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