Ambrose's Utility Function Is

question 28

Multiple Choice

Ambrose's utility function is . If the price of nuts (good 1) is $1, the price of berries (good 2) is $10, and his income is $460, how many units of berries will Ambrose choose?

• A) 401
• B) 5
• C) 6
• D) 12
• E) 9

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Definitions:

Duty of Fair Representation

An obligation that requires labor unions to represent all members equally, without discrimination or negligence.

Bargaining Unit

A body of workers sharing distinct common interests, represented collectively by one labor union in negotiation talks.

Procedural Protections

Legal safeguards that ensure fair treatment in the process of legal or disciplinary actions.

Legalistic

Characterized by a strict adherence to laws, regulations, or formal procedures.