Ambrose's Utility Function Is

question 12

Multiple Choice

Ambrose's utility function is . If the price of nuts (good 1) is $1, the price of berries (good 2) is $9, and his income is $369, how many units of berries will Ambrose choose?

• A) 10
• B) 4
• C) 325
• D) 5
• E) 8

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