Frida loves to eat hot dogs and peanuts at the baseball park. She has budget of $21 and one bag of peanuts costs $3 while a hot dog costs $6. Using the table below, identify the total utility of hot dogs and peanuts when Frida maximizes her utility within her budget constraint. Hot dogs Total Utility Peanuts Total Utility 22 16 31 45 1 2 3 4 5 6 7 43 62 Select one: O 81 97 111 119 1 2 3 4 5 6 7 a. 88 total utility units b. 92 total utility units c. 74 total utility units d. 99 total utility units 58 70 81 92
Frida loves to eat hot dogs and peanuts at the baseball park. She has budget of $21 and one bag of peanuts costs $3 while a hot dog costs $6. Using the table below, identify the total utility of hot dogs and peanuts when Frida maximizes her utility within her budget constraint. Hot dogs Total Utility Peanuts Total Utility 22 16 31 45 1 2 3 4 5 6 7 43 62 Select one: O 81 97 111 119 1 2 3 4 5 6 7 a. 88 total utility units b. 92 total utility units c. 74 total utility units d. 99 total utility units 58 70 81 92
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 3SQP
Related questions
Question
Only typed answer and please don't use chatgpt
![Frida loves to eat hot dogs and peanuts at the baseball park. She has
a budget of $21 and one bag of peanuts costs $3 while a hot dog
costs $6. Using the table below, identify the total utility of hot dogs
and peanuts when Frida maximizes her utility within her budget
constraint.
Hot dogs Total Utility Peanuts Total Utility
1
22
43
2
3
4
5
LO
6
7
62
81
97
Select one:
O
111
119
1
2
3
4
5
6
7
a. 88 total utility units
b. 92 total utility units
c. 74 total utility units
d. 99 total utility units
16
31
45
58
70
81
92](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fecb98588-a47b-4580-bcc1-075e93c9bba8%2F8afd01ba-730a-477a-a7bc-433e5fd62463%2Fktsgx4k_processed.png&w=3840&q=75)
Transcribed Image Text:Frida loves to eat hot dogs and peanuts at the baseball park. She has
a budget of $21 and one bag of peanuts costs $3 while a hot dog
costs $6. Using the table below, identify the total utility of hot dogs
and peanuts when Frida maximizes her utility within her budget
constraint.
Hot dogs Total Utility Peanuts Total Utility
1
22
43
2
3
4
5
LO
6
7
62
81
97
Select one:
O
111
119
1
2
3
4
5
6
7
a. 88 total utility units
b. 92 total utility units
c. 74 total utility units
d. 99 total utility units
16
31
45
58
70
81
92
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Micro Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613064/9781337613064_smallCoverImage.gif)
![Economics:](https://www.bartleby.com/isbn_cover_images/9781285859460/9781285859460_smallCoverImage.gif)
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
![Micro Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613064/9781337613064_smallCoverImage.gif)
![Economics:](https://www.bartleby.com/isbn_cover_images/9781285859460/9781285859460_smallCoverImage.gif)
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
![Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613040/9781337613040_smallCoverImage.gif)
![Exploring Economics](https://www.bartleby.com/isbn_cover_images/9781544336329/9781544336329_smallCoverImage.jpg)
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
![ECON MICRO](https://www.bartleby.com/isbn_cover_images/9781337000536/9781337000536_smallCoverImage.gif)