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Ambrose's Brother Patrick Has a Utility Function U(x1, X2)= 16x1/21

Question 16

Multiple Choice

Ambrose's brother Patrick has a utility function U(x1, x2) = 16x1/21 + x2.His income is $82, the price of good 1 (nuts) is $2, and the price of good 2 (berries) is $1.How many units of nuts will Patrick demand?


A) 26
B) 12
C) 14
D) 16
E) 30

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