Boyd currently consumes 46 units of good B and 36 units of good C. His total level of utility is 27600. (Enter a numeric response using a real number rounded to two decimal places.) 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 would be preferred. good C good B
Boyd currently consumes 46 units of good B and 36 units of good C. His total level of utility is 27600. (Enter a numeric response using a real number rounded to two decimal places.) 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 would be preferred. good C good B
Chapter4: Utility Maximization And Choice
Section: Chapter Questions
Problem 4.8P
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