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Ambrose's Utility Function Is = 4x1/21 + X2

Question 18

Multiple Choice

Ambrose's utility function is = 4x1/21 + x2.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

Correct Answer:

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