A utility function is given as 50- U = /MB 45- where B represents quantity of books

A utility function is given as

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50- U = /MB 45- where B represents quantity of books consumed and M represents magazines. This utility is shown via indifference curves in the diagram to the 40- 35- right. 30- The level of utility at point (bundle) T is (round your answer to one decimal place). 25- 20- The total level of utility at point W should be when compared to point т. 15- 10 greater 5- smaller the same 20 25 30 Books (B) 10 15 50 Magazines (M) 50- U = /MB 45- where B represents quantity of books consumed and M represents magazines. This utility is shown via indifference curves in the diagram to the 40- 35- right. 30- The level of utility at point (bundle) T is (round your answer to one decimal place). 25- 20- The total level of utility at point W should be when compared to point т. 15- 10 greater 5- smaller the same 20 25 30 Books (B) 10 15 50 Magazines (M)

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