Ambrose's Brother Patrick Has a Utility Function U(x₁, X₂)= 16x^1/2₁

question 16

Multiple Choice

Ambrose's brother Patrick has a utility function U(x₁, x₂) = 16x^1/2₁ + x₂.His income is $82, the price of good 1 (nuts) is $2, and the price of good 2 (berries) is $1.How many units of nuts will Patrick demand?

• A)26
• B)12
• C)14
• D)16
• E)30

---

Definitions:

Seeking Change

The pursuit of transformation or modification in processes, structures, or behaviors within an individual or organizational context.

Management

The process of dealing with or controlling things or people, often in a professional context.

Leadership

The action of guiding or influencing a group towards achieving a common goal, often involving vision, direction, and motivation.

Ethical Tone

The general ethical atmosphere of an organization or environment, often set by leadership, reflecting its values and ethical behavior.