Table 7-4 -Refer to Table 7-4

question 211

Multiple Choice

Table 7-4
$$\begin{array} { | c | c | c | c | c | } \hline & \text { Steak \& Cheese } & \text { Steak \& Cheese } & \text { Grilled Chicken } & \text { Grilled Chicken } \\\hline \text { Quantity } & \boldsymbol { M U } & \boldsymbol { M U / \boldsymbol { P } } & \boldsymbol { M U } & \boldsymbol { M U / P } \\\hline 1 & 40 & 10 & 30 & 15 \\\hline 2 & 32 & 8 & 24 & 12 \\\hline 3 & 20 & 5 & 16 & 8 \\\hline 4 & 12 & 3 & 12 & 6 \\\hline 5 & 6 & 1.5 & 8 & 4 \\\hline 6 & 2 & 0.5 & 4 & 2 \\\hline\end{array}$$
-Refer to Table 7-4.For steak and cheese 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 and grilled chicken sandwiches.Which of the following statements is true?

• A)If Mabel maximizes her utility she will buy three steak and cheese sandwiches and two grilled chicken sandwiches.
• B)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.
• C)Mabel will first buy two steak and cheese sandwiches; then with her remaining $6 she will buy three grilled chicken sandwiches.
• D)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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