Boyd has the following utility function: U = 100B √/C, where B represents books and C represents audio CDs Bundle A contains 7 unit(s) of good B and 64 units of good C. Bundle E contains 10 units of good B and 81 units of good C. (enter an A, E, or I if you are indifferent). Which bundle does he prefer? His total level of utility in this case is (round your answer to one decimal place).

Boyd has the following utility function: U = 100B √/C, where B represents books and C represents audio CDs Bundle A contains 7 unit(s) of good B and 64 units of good C. Bundle E contains 10 units of good B and 81 units of good C. (enter an A, E, or I if you are indifferent). Which bundle does he prefer? His total level of utility in this case is (round your answer to one decimal place).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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