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

question 25

Multiple Choice

Ambrose's utility function is U(x₁, x₂) =4x^1/2₁ + x₂.If the price of nuts (good 1) is $1, the price of berries (good 2) is $5, and his income is $145, how many units of nuts will Ambrose choose?

• A)100
• B)200
• C)9
• D)103
• E)50

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Definitions:

Personal Responsibility

The idea that individuals are accountable for their actions and decisions in their personal and professional lives.

Depression Factors

Various elements that contribute to the development of depression, including genetic, environmental, psychological, and biochemical factors.

DSM Advantages

Refers to the benefits of using the Diagnostic and Statistical Manual of Mental Disorders, such as providing a common language for diagnosing and classifying mental disorders.

Validity

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.