Question: Ambroses utility is U(x 1 , x 2 ) = 4x 1/2 + x 2 . If the price of nuts (good 1) is $1,

Ambrose’s utility is U(x₁, x₂) = 4x^1/2+ x₂. If the price of nuts (good 1) is $1, the price of berries (good 2) is $4, and his income is $104, how many units of nuts will Ambrose choose?

Ambrose’s utility function is U(x₁, x₂) = 4x^1/2+ x₂. If the price of nuts (good 1) is $1, the price of berries (good 2) is $6, and his income is $198, how many units of berries will Ambrose choose?

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