Examlex

Solved

Ambrose's Utility Function Is

question 28

Multiple Choice

Ambrose's utility function is 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 . 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?


Definitions:

Related Questions