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

Question 29

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 $7, and his income is $259, how many units of berries will Ambrose choose?


A) 8
B) 197
C) 9
D) 18
E) 12

Correct Answer:

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