Ambrose's Brother Bartholomew Has a Utility Function , Where

question 50

Multiple Choice

Ambrose's brother Bartholomew has a utility function , where x₁ is his consumption of nuts and x₂ is his consumption of berries. His income is $115, the price of nuts is $5, and the price of berries is $1. How many units of berries will Bartholomew demand?

• A) 35
• B) 16
• C) 70
• D) 22
• E) There is not enough information to determine the answer.

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Definitions:

Political Group

An organization or a collective of individuals with shared political objectives, ideologies, or interests.

Persuade

To convince someone to do or believe something through reasoning or argument.

Distracting People

This refers to individuals or activities that divert attention away from a task or subject at hand, potentially reducing productivity or focus.

Persuasive Argument

A reasoned, logical way of presenting facts and points of view to influence others' beliefs, attitudes, or actions.