| | Steak & Cheese | Steak & Cheese | Grilled Chicken | Grilled Chicken |
| Quantity | MU | MU/P | MU | MU/P |
| 1 | 40 | 10 | 30 | 15 |
| 2 | 32 | 8 | 24 | 12 |
| 3 | 20 | 5 | 16 | 8 |
| 4 | 12 | 3 | 12 | 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 true?
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To maximize her utility, Mabel will need a total of $36, the income needed to buy 6 steak and cheese sandwiches and 6 grilled chicken sandwiches.
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If Mabel maximizes her utility she will buy three steak and cheese sandwiches and two grilled chicken sandwiches.
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Mabel will first buy two steak and cheese sandwiches; then with her remaining $6 she will buy three grilled chicken sandwiches.
◦
If Mabel was maximizing her utility when spending $14 and then received an additional $4, she would receive the most marginal utility per dollar if her next purchase was another grilled chicken sandwich.
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