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ARLKQ

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Table 10-4

Steak & CheeseSteak & CheeseGrilled ChickenGrilled Chicken
Quantity MUMU/PMUMU/P
140103015
232  82412
320  516  8
412  312  6
5  6    1.5  8  4
6  2    0.5  4  2



Refer to Table 10-4. For steak and cheese sandwiches and grilled chicken sandwiches, the table contains the values of the marginal utility (MU) and marginal utility per dollar (MU/P) for Mabel Jarvis. Mabel has $14 to spend on steak and cheese sandwiches and grilled chicken sandwiches. Which of the following statements is false?


The price of steak and cheese sandwiches is $4. The price of grilled chicken sandwiches is $2.


If Mabel maximizes her utility she will buy two steak and cheese sandwiches.


We do not have enough information to determine how many sandwiches Mabel will buy to maximize her utility.


If Mabel maximizes her utility she will buy three grilled chicken sandwiches.



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Marked as best answer by ARLKQ on Oct 7, 2019

xiazhe

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ARLKQ

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xiazhe

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