Ambrose's Utility Function Is U(x₁, X₂) =

question 42

Multiple Choice

Ambrose's utility function is U(x₁, x₂) = . If the price of nuts (good 1) is $1, the price of berries (good 2) is $5, and his income is $145, how many units of nuts will Ambrose choose?

• A) 100
• B) 200
• C) 9
• D) 103
• E) 50

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