asked 143k views
1 vote
c. If Biff is rational, and has no intention of winning the hot dog eating contest, what is the optimal number of hot dogs he will eat

asked
User Agim
by
7.8k points

1 Answer

1 vote

Answer:

8 units of Hot dog

Explanation:

Total utility refers to the utility in which the is satisfaction after consuming the multiple units from a good or a service

As we can see from the attached figure that at the number of 8 hot dogs the total utility is maximum i.e 55

Therefore in the given case, the optimal number of hot dogs he will eat is 8 as at this point the total utility is more as compared to the other utilities

c. If Biff is rational, and has no intention of winning the hot dog eating contest-example-1
answered
User Skistaddy
by
8.0k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.