Boyd has the following utility function U = 100BVC where B represents books and C represents audio CDs Boyd currently consumes 10 units of good B and 36 units of good C. His total level of utility is (round your answer to one decimal place) Which would he prefer added to his consumption bundle? One more unit of good B or one more unit of good One more unit of good would be preferred

Boyd has the following utility function U = 100BVC where B represents books and C represents audio CDs Boyd currently consumes 10 units of good B and 36 units of good C. His total level of utility is (round your answer to one decimal place) Which would he prefer added to his consumption bundle? One more unit of good B or one more unit of good One more unit of good would be preferred

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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