Ambrose Has the Utility Function U(x₁, X₂)=4x^1/2₁ + X₂

question 29

Multiple Choice

Ambrose has the utility function U(x₁, x₂) =4x^1/2₁ + x₂.If Ambrose were initially consuming 4 units of nuts (good 1) and 27 units of berries (good 2) , then what is the largest number of berries that he would be willing to give up in return for an additional 21 units of nuts?

• A)5
• B)12
• C)6
• D)32
• E)3

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Definitions:

Self-Concept

An individual's perception of themselves, including their beliefs, feelings, and thoughts about their own abilities, appearance, and values.

Self-Regulation

The ability of an individual to manage their emotions, thoughts, and behaviors in various situations, often contributing to goal achievement and well-being.

Self-Representation

How individuals present and perceive themselves, often influenced by social and personal factors.