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

question 31

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 $4, and his income is $104, how many units of nuts will Ambrose choose?

• A)67
• B)128
• C)64
• D)10
• E)32

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