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

question 225

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 true?

• A)If Mabel maximises her utility, she will buy three steak and cheese sandwiches and two grilled chicken sandwiches.
• B)If Mabel was maximising 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 maximise 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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Definitions:

Interactive

Interactive involves two-way communication or engagement, where participants can influence or respond to each other.

Macrosystem

A term in ecological systems theory referring to the cultural or societal context that influences an individual's development.

Maternal Leave

A period of absence from work granted to a mother before and after the birth of her child, also known as maternity leave.

Microsystem

The immediate environment in which an individual operates, such as family and school, which directly influences their development.