Question

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

Answer 1

Answer:

8 units of Hot dog

Step-by-step 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