Question: oyd has the following utility function: Uequals = 1 0 0 Upper B StartRoot Upper C EndRoot 1 0 0 BC where B represents books
oyd has the following utility function:
Uequals Upper B StartRoot Upper C EndRootBC
where B represents books and C represents audio CDs
Part
Boyd currently consumes
units of good B and
units of good C
Part
His total level of
utility
LOADING...
is
enter your response here.
Enter a numeric response using a real number rounded to two decimal places.
Part
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 C
good B
would be preferred
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