Multiple Choice
Ambrose has the utility function U(x1, x2) =4x1/21 + x2.If Ambrose were initially consuming 4 units of nuts (good 1) and 27 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 21 units of nuts?
A) 5
B) 12
C) 6
D) 32
E) 3
Correct Answer:
Verified
Correct Answer:
Verified
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