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Ambrose's Brother Anthony Has an Income of $95 and a Utility

Question 6

Multiple Choice

Ambrose's brother Anthony has an income of $95 and a utility function U(x1, x2) Ambrose's brother Anthony has an income of $95 and a utility function U(x<sub>1</sub>, x<sub>2</sub>) . The price of good 1(nuts) is $5 and the price of good 2(berries) is $1. How many units of berries will Augustine demand? A) 22 B) 30 C) 15 D) 16 E) There is not enough information to determine the answer. . The price of good 1(nuts) is $5 and the price of good 2(berries) is $1. How many units of berries will Augustine demand?


A) 22
B) 30
C) 15
D) 16
E) There is not enough information to determine the answer.

Correct Answer:

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