Ambrose's Brother Sebastian Has a Utility Function

question 1

Multiple Choice

Ambrose's brother Sebastian has a utility function . 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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Definitions:

Carbohydrate Reserves

Stored sugars and starches in the body, primarily in the liver and muscles, used as a source of energy.

Protein

Essential macromolecules composed of amino acids, crucial for the structure, function, and regulation of the body's cells, tissues, and organs.

Dairy Products

Food products made from milk, such as cheese, butter, yoghurt, and ice cream.

Calcium

A mineral essential for bone health and the proper function of the heart, muscles, and nerves.