-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?

Question

Quizplus · Accepted Answer

The correct answers can be determined by analyzing the marginal utility per dollar (MU/P) for each type of sandwich. If the MU/P is higher for one type of sandwich, Mabel should buy more of that type until the MU/P equalizes or she runs out of money. Choices A, B, and C could be true based on given MU and MU/P values and prices, but without the actual table (Table 10-4) and its values, we cannot definitively determine Mabel's optimal purchase strategy, making D the false statement.