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 23 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 45 units of nuts?
A) 30
B) 7
C) 10
D) 20
E) 5
Correct Answer:
Verified
Correct Answer:
Verified
Q20: Joe Bob has a cousin Pete who
Q21: Charlie's utility function is U(A, B)= AB,
Q22: Joe Bob has a cousin Sam
Q23: Ambrose has the utility function U(x<sub>1</sub>, x<sub>2</sub>)=4x<sup>1/2</sup><sub>1</sub>
Q24: Charlie's utility function is U(A, B)= AB,
Q25: Phil Rupp,has a sister Ethel who has
Q27: Harry Mazzola has the utility function U(x<sub>1</sub>,
Q28: Joe Bob has a cousin Ike who
Q29: Ambrose has the utility function U(x<sub>1</sub>, x<sub>2</sub>)=4x<sup>1/2</sup><sub>1</sub>
Q30: Phil Rupp, has a sister Ethel who