Suppose Al is currently consuming four movies and four concerts per month.If his utility function is given by U = 15M^0.5C,where M represents the number of movies seen and C represents the number of concerts attended,what is Al's total utility equal to? A) 15. B) 30. C) 120. D) 240. E) 960.

Question

Quizplus · Accepted Answer

Al's total utility is calculated by substituting M = 4 and C = 4 into the utility function: U = 15(4^0.5)(4) = 15(2)(4) = 120.

Suppose Al Is Currently Consuming Four Movies and Four Concerts