Question: Boyd has the following utility function: U=100BC, where B represents books and C represents audio CDs Bundle A contains 8 unit(s) of good B and
Boyd has the following utility function: U=100BC, where B represents books and C represents audio CDs Bundle A contains 8 unit(s) of good B and 49 units of good C. Bundle E contains 12 units of good B and 36 units of good C. Which bundle does he prefer? (enter an A,E, or I if you are indifferent). His total level of utility in this case is (round your answer to one decimal place)
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