Ambrose's Utility Function Is

question 8

Multiple Choice

Ambrose's utility function is . If the price of nuts (good 1) is $1, the price of berries (good 2) is $5, and his income is $190, how many units of berries will Ambrose choose?

• A) 36
• B) 101
• C) 18
• D) 17
• E) 21

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Definitions:

Communication Networks

Systems of interconnected individuals or devices that facilitate the exchange of information and data.

Interpersonal Communication

The process of exchanging information, feelings, and meaning through verbal and non-verbal messages between individuals.

Cultural Context

The set of social, historical, and cultural factors and conditions that influence the environment in which a person or community lives and acts.

Intercultural Communication

The exchange of information between individuals from different cultures or societal groups.