Multiple Choice
Ambrose's brother Francis has an income of $170 and a utility function U(x1, x2) = 50x1/21 + x2.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:
Verified
Correct Answer:
Verified
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