Boyd has the following utility function: U = 100B√C where B represents books and C represents audio CDs Boyd currently consumes 5 units of good B and 4 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 C? One more unit of good would be preferred.

Economics (MindTap Course List)
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Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter20: Consumer Choice: Maximizing Utility And Behavioral Economics
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Boyd has the following utility function:
U = 100B√C
where B represents books and C represents audio CDs
Boyd currently consumes 5 units of good B and 4 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 C?
One more unit of good
would be preferred.
Transcribed Image Text:Boyd has the following utility function: U = 100B√C where B represents books and C represents audio CDs Boyd currently consumes 5 units of good B and 4 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 C? One more unit of good would be preferred.
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