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Frankneeds to decide how many sandwiches and bottles of water to purchase for lunch. Below is an estimate of his total utility for different quantities
Frankneeds to decide how many sandwiches and bottles of water to purchase for lunch. Below is an estimate of his total utility for different quantities of sandwiches and bottles of water. Sandwichesare $2 each and bottles of water$1 each. Frank has only $6 to spend. Frank is really hungry and decides to buy3 sandwiches and 0 bottles of water for lunch. What is his total utility from this choice?
Quantity of Sandwhiches | Total Utility from Quantity Sandwhiches | Bottles of Water | Total Utility from Bottles of Water | |
---|---|---|---|---|
1 | 31 | 1 | 18 | |
2 | 59 | 2 | 35 | |
3 | 84 | 3 | 51 | |
4 | 4 | 66 | ||
5 | 5 | 80 | ||
6 | 6 | 93 |
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