Multiple Choice
Ambrose's brother Sebastian has a utility function U(x1, x2) = 28x1/21 + x2, where x1 is his consumption of nuts and x2 is his consumption of berries.His income is $128, the price of nuts is $2, and the price of berries is $1.How many units of berries will Sebastian demand?
A) 30
B) 60
C) 55
D) 49
E) There is not enough information to determine the answer.
Correct Answer:
Verified
Correct Answer:
Verified
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