Table 6.4 -Refer to Table 6.4.For Steak and Cheese and Grilled Chicken

question 82

Multiple Choice

Table 6.4
-Refer to Table 6.4.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 false?

• A)The price of steak and cheese sandwiches is $4.The price of grilled chicken sandwiches is $2.
• B)If Mabel maximises her utility, she will buy three grilled chicken sandwiches.
• C)If Mabel maximises her utility, she will buy two steak and cheese sandwiches.
• D)We do not have enough information to determine how many sandwiches Mabel will buy to maximise her utility.

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Definitions:

Evolutionary Psychology

A field of psychology emphasizing evolutionary mechanisms that may help explain human commonalities in cognition, development, emotion, social practices, and other areas of behavior.

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A statistical estimate of the proportion of the total variance in some trait that is attributable to genetic differences among individuals within a group.

Identical Twins

Twins who develop from a single fertilized egg that splits and forms two embryos, sharing 100% of their genetic material.