In Problem 3, Ambrose's Utility Is U(x₁, X₂) =

question 25

Multiple Choice

In Problem 3, Ambrose's utility is U(x₁, x₂) = . If the price of nuts (good 1) is $1, the price of berries (good 2) is $4, and his income is $132, how many units of nuts will Ambrose choose?

• A) 64
• B) 17
• C) 128
• D) 67
• E) 32

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Definitions:

Humanists

Individuals who emphasize the value and agency of human beings, individually and collectively, and generally prefer critical thinking and evidence over acceptance of dogma or superstition.

Cognitive Psychology

A division within psychology that explores how individuals think, perceive, remember, and learn, examining mental functions.

Applied Psychology

The branch of psychology focused on applying psychological principles and theories to solve real-world problems.

Organizational Psychology

A field of psychology that studies human behavior in work settings and applies psychological theories to organizations and their employees.