Question: Please answer correctly, need ASAP. 4. In the Chapter 3 exercise, we evaluated the utility and optimal prices for different hot dog offers. Calculate the

 Please answer correctly, need ASAP. 4. In the Chapter 3 exercise,we evaluated the utility and optimal prices for different hot dog offers. Please answer correctly, need ASAP.

4. In the Chapter 3 exercise, we evaluated the utility and optimal prices for different hot dog offers. Calculate the partial utility of a Vienna Beef Garden Dog, Vienna Beef Dirty Water Dog, Natural Casing Garden Dog, and Natural Casing Dirty Water Dog. Use the prices found from conjoint analysis to construct a plot of price vs. hot dog utility for the different configurations of hot dogs. The Chicago Garden Dog is served with a Vienna beef wiener on a poppy-seed roll with sweet pickle relish, mustard, oniors, tomato wedges, cucumber slices, sport peppers, and celery salt. A New York Dirty Water Dog is served with a naturalcasing all beef trankfurter on a white-bread roll with sauerkraut, mustard, onions, and tomato relish. A researcher wants to investigate the pricing of a Chicago Garden Dog and a New York Dirty Water Dog. She collects the following rank order information regarding the perceived value of the different attributes of hot dogs, where 1 is most preferred and 8 is least preferred. Dog: Vienna Bepef OR Natural Casing (all beef frankfurter with Natural Casing) Toppings: Garden (poppy-seed roll, sweet pickle relish, mustard, onions, tomato wedges, cucumber slices, sport peppers, and celery salt) OR Dirty Water (white-bread roll, sauerkraut, mustard, onions, and tomato relish) Price: $2.50 or $3.50 Het D a. Score the hot dog offerings from 0 to 7 , with 0 being the lowest-utility hot dog and 7 being the highest-utility hot dog. b. Calculate the part-worth urility of each of the attributes at their different levels. c. For each combination of hot dogs, toppings, and prices, what is the utility measured in utils? d. Calculate the dollar value per util. e. What is the utility difference between Garden toppings and Dirty Water toppings in utils? f. What is the utility difference between Vienna beef dogs and natural-casing dogs in utils? g. If a nearby established competitor offers a Chicago Garden Dog at $3, what would be an appropriate price for a natural-casing hot dog with Garden toppings? A natural-casing hot dog with Dirty Water toppings? A Vienna beef dog with Dirty Water toppings? 4. In the Chapter 3 exercise, we evaluated the utility and optimal prices for different hot dog offers. Calculate the partial utility of a Vienna Beef Garden Dog, Vienna Beef Dirty Water Dog, Natural Casing Garden Dog, and Natural Casing Dirty Water Dog. Use the prices found from conjoint analysis to construct a plot of price vs. hot dog utility for the different configurations of hot dogs. The Chicago Garden Dog is served with a Vienna beef wiener on a poppy-seed roll with sweet pickle relish, mustard, oniors, tomato wedges, cucumber slices, sport peppers, and celery salt. A New York Dirty Water Dog is served with a naturalcasing all beef trankfurter on a white-bread roll with sauerkraut, mustard, onions, and tomato relish. A researcher wants to investigate the pricing of a Chicago Garden Dog and a New York Dirty Water Dog. She collects the following rank order information regarding the perceived value of the different attributes of hot dogs, where 1 is most preferred and 8 is least preferred. Dog: Vienna Bepef OR Natural Casing (all beef frankfurter with Natural Casing) Toppings: Garden (poppy-seed roll, sweet pickle relish, mustard, onions, tomato wedges, cucumber slices, sport peppers, and celery salt) OR Dirty Water (white-bread roll, sauerkraut, mustard, onions, and tomato relish) Price: $2.50 or $3.50 Het D a. Score the hot dog offerings from 0 to 7 , with 0 being the lowest-utility hot dog and 7 being the highest-utility hot dog. b. Calculate the part-worth urility of each of the attributes at their different levels. c. For each combination of hot dogs, toppings, and prices, what is the utility measured in utils? d. Calculate the dollar value per util. e. What is the utility difference between Garden toppings and Dirty Water toppings in utils? f. What is the utility difference between Vienna beef dogs and natural-casing dogs in utils? g. If a nearby established competitor offers a Chicago Garden Dog at $3, what would be an appropriate price for a natural-casing hot dog with Garden toppings? A natural-casing hot dog with Dirty Water toppings? A Vienna beef dog with Dirty Water toppings

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