Question
Use Excel Solver to solve the following optimization problem: Assume that Dieter plans to visit the Oktoberfest once it is possible to do so again.
Use Excel Solver to solve the following optimization problem: Assume that Dieter plans to visit the Oktoberfest once it is possible to do so again. He enjoys eating pretzels, but knows that his marginal utility from the consumption of pretzels decreases quickly and eventually turns negative. Based on historical observations, he knows that his utility at the end of the night depending on the number of pretzels consumed (L) can be expressed based on the following function: ()=2 . How many pretzels should Dieter plan to eat, in order to maximize his utility.
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