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

Question 60

Multiple Choice

Ambrose's utility function is U(x1, x2) =4x1/21 + x2.If the price of nuts (good 1) is $1, the price of berries (good 2) is $6, and his income is $264, how many units of nuts will Ambrose choose?


A) 20
B) 144
C) 288
D) 147
E) 72

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