Amber consumes nuts and berries. She has the utility function 𝑈((𝑥1),(𝑥2))= 4(𝑥1)^(1/2) + (𝑥2), where (𝑥1) is her consum
Posted: Wed Jul 06, 2022 6:18 pm
Amber consumes nuts and berries. She has the utility function๐((๐ฅ1),(๐ฅ2))= 4(๐ฅ1)^(1/2) + (๐ฅ2), where (๐ฅ1) is herconsumption of nuts and (๐ฅ2) is her consumption of berries. IfAmber is initially consuming 64 units of nuts and 10 units ofberries, then what is the largest number of berries that she wouldbe willing to give up in return for an additional unit of nuts?