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

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter4: Utility Maximization And Choice
Section: Chapter Questions
Problem 4.8P
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Boyd has the following utility function:
U= 100B/C
where B represents books and C represents audio CDs
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
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Transcribed Image Text:Boyd has the following utility function: U= 100B/C where B represents books and C represents audio CDs 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 15 stv MacBook Air 80 esc F1 F2 F3 F4 F5 F6 F7 F8 ! @ # $ & 2 4 6. 7 8. Q W E Y tab А caps lock H J K. ift C V N M fn control option command B D
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