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Ambrose's Brother Sebastian Has a Utility Function U(x1, X2)= 60x1/21

Question 54

Multiple Choice

Ambrose's brother Sebastian has a utility function U(x1, x2) = 60x1/21 + x2.His income is $165, the price of good 1 (nuts) is $6, and the price of good 2 (berries) is $1.How many units of nuts will Sebastian demand?


A) 25
B) 23
C) 35
D) 21
E) 48

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