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?

Question

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?

Quizplus · Accepted Answer

To determine the correct choices regarding Mabel's purchasing decisions to maximize utility, we would need to analyze the marginal utility per dollar (MU/P) for each type of sandwich. The statements about the prices of sandwiches (A) and the specific quantities that maximize utility (B and C) could be inferred from the given MU and MU/P values along with Mabel's budget. However, without seeing Table 6.4, we cannot confirm the accuracy of these statements or calculate the exact quantities of sandwiches Mabel should buy to maximize her utility. Therefore, the false statement is that we do not have enough information, as theoretically, with the MU, MU/P, and prices provided, one could determine the optimal purchase strategy.

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