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Ambrose's Brother Francis Has an Income of $170 and a Utility

Question 14

Multiple Choice

Ambrose's brother Francis has an income of $170 and a utility function U(x1, x2) = Ambrose's brother Francis has an income of $170 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) 31 B) 25 C) 45 D) 90 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) 31
B) 25
C) 45
D) 90
E) There is not enough information to determine the answer.

Correct Answer:

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