Ambrose's Utility Is U(x₁, X₂)= =4x^1/2₁ + X₂

question 3

Multiple Choice

Ambrose's utility is U(x₁, x₂) = =4x^1/2₁ + x₂.If the price of nuts (good 1) is $1, the price of berries (good 2) is $7, and his income is $238, how many units of nuts will Ambrose choose?

• A)6
• B)196
• C)392
• D)199
• E)98

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Definitions:

Auteur Theory

A film criticism concept that suggests the director's personal vision, style, and creative input predominately shape a film, making them the "author" of the movie.

Paramount Decision

A landmark 1948 antitrust case (United States v. Paramount Pictures, Inc.) ruling that movie studios could not own movie theaters and engage in certain anti-competitive practices.

House Un-American Activities Committee

In 1938, a group within the U.S. House of Representatives was formed to carry out probes into supposed disloyalty and activities undermining the state among private individuals, government workers, and organizations believed to be connected with Communism.

"Name Names"

A phrase associated with the HUAC hearings where individuals were asked to accuse others of being Communists or having Communist affiliations, often leading to blacklisting and ruined careers.