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
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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
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
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