Ambrose's brother Augustine has an income of $52 and a utility function U(x1, x2)
. The price of good 1(nuts) is $3 and the price of good 2(berries) is $1. How many units of berries will Augustine demand?
A) 25
B) 9
C) 50
D) 15
E) There is not enough information to determine the answer.
Correct Answer:
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