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Ambrose Has the Utility Function U(x1, X2)=4x1/21 + X2

Question 1

Multiple Choice

Ambrose has the utility function U(x1, x2) =4x1/21 + x2.If Ambrose were initially consuming 49 units of nuts (good 1) and 12 units of berries (good 2) , then what is the largest number of berries that he would be willing to give up in return for an additional 32 units of nuts?


A) 9
B) 21
C) 8
D) 4
E) 2

Correct Answer:

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