The table below shows Fiona's marginal utility for hot dogs and peanuts at each quantity. What is her total utility if she consumes 4 hot dogs and 3 peanuts? Quantity of Hot dogs Marginal Utility Quantity of Peanuts Marginal Utility 1 119 1 92 2 111 2 81 3 97 3 70 4 81 4 58 5 62 5 45 6 43 6 31 7 22 7 16
The table below shows Fiona's marginal utility for hot dogs and peanuts at each quantity. What is her total utility if she consumes 4 hot dogs and 3 peanuts? Quantity of Hot dogs Marginal Utility Quantity of Peanuts Marginal Utility 1 119 1 92 2 111 2 81 3 97 3 70 4 81 4 58 5 62 5 45 6 43 6 31 7 22 7 16
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
The table below shows Fiona's
Quantity of Hot dogs | Marginal Utility | Quantity of Peanuts | Marginal Utility |
---|---|---|---|
1 | 119 | 1 | 92 |
2 | 111 | 2 | 81 |
3 | 97 | 3 | 70 |
4 | 81 | 4 | 58 |
5 | 62 | 5 | 45 |
6 | 43 | 6 | 31 |
7 | 22 | 7 | 16 |
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