Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

If the price of nuts (good 1) is $1, the price of berries (good 2) is $7, and his income is $238, how many units of nuts will Ambrose choose?

NO PLAGIARISM AT australianwritingacademy.com/

Ambrose’s utility is U(x lowercase 1, x lowercase 2= 4x^1/2 lowercase 1 + x lowercase 2

Ambrose’s utility is U(x lowercase 1, x lowercase 2= 4x^1/2 lowercase 1 + x lowercase 2

Question

Ambrose’s utility is U(x lowercase 1, x lowercase 2= 4x^1/2 lowercase 1 + x lowercase 2. If the price of nuts (good 1) is $1, the price of berries (good 2) is $7, and his income is $238, how many units of nuts will Ambrose choose?
Answer is 196.
Please show me how this was arrived at?
Thanks!

Ambrose’s utility is U(x lowercase 1, x lowercase 2= 4x^1/2 lowercase 1 + x lowercase 2

 
PLACE THIS ORDER OR A SIMILAR ORDER WITH LITE ESSAYS TODAY AND GET AN AMAZING DISCOUNT
The post If the price of nuts (good 1) is $1, the price of berries (good 2) is $7, and his income is $238, how many units of nuts will Ambrose choose? appeared first on .

WE WRITE QUALITY PAPERS FOR A+ RESULTS.  NO PLAGIARISM..!!

 

The post If the price of nuts (good 1) is $1, the price of berries (good 2) is $7, and his income is $238, how many units of nuts will Ambrose choose? appeared first on AUSTRALIAN ACADEMICS.

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"