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Author Question: Table 10-4Steak & CheeseSteak & CheeseGrilled ChickenGrilled ChickenQuantity ... (Read 114 times)

ARLKQ

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on: Oct 7, 2019

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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Reply #1 on: Oct 7, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ARLKQ

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Reply #2 on: Oct 7, 2019
Thank you!


xiazhe

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Reply #3 on: Oct 7, 2019
Always glad to help...


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