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.

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.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter10: Consumer Choice Theory

Section: Chapter Questions

Problem 8P

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Question

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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