Finding Optimal Quantity?

Question

Hello, I've been working on this problem for hours and don't have the slighest clue how to approach this problem.

Find Optimal Quantity of Grog
Find Optimal Quantity of Pizza

Budget $10
P Grog $2
P Pizza $2

B0=0.00
B1=6.50
B2=5.50
B3=.50
B4=-.50

How do I complete this problem and where do I start.

I figured this much out so far as the equation to use:

TU=b0+b1Q(grog) + B2P+B3Qbeer^2+B4Qp^2

Now, I'm stuck. Any help would be grealy appreciated.

Answer 1

Have you been working on it on paper or with the real grog, pizza and beer. I have no idea what you are trying to do, what your variables stand for and what your equation means.