Approved-online-essay-writers

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?

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

Order ready-to-submit essays. No Plagiarism Guarantee!

Note: Our papers are 100% human-written, not AI-generated. 

We Write Essays for Students

Tell us about your assignment and we will find the best writer for your paper

Get Help Now!

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 AMAZON PAPERS 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 Wise Papers.

Welcome to originalessaywriters.com, our friendly and experienced essay writers are available 24/7 to complete all your assignments. We offer high-quality academic essays written from scratch to guarantee top grades to all students. All our papers are 100% plagiarism-free and come with a plagiarism report, upon request

Tell Us “Write My Essay for Me” and Relax! You will get an original essay well before your submission deadline.

PLACE YOUR ORDER