Question $19$

$1$ pts

Table $10-$

$4$

$\backslash$table$[[,$Steak & Cheese,Steak & Cheese,Grilled Chicken,Grilled Chicken$],[$Quantity$,$MU$,$MU$/$P$,$MU$,$MU$/$P$],[1,40,10,30,15],[2,32,8,24,12],[3,20,5,16,8],[4,12,3,12,6],[5,6,1\mathrm{.}5,8,4],[6,2,0\mathrm{.}5,4,2]]$

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 true?

Mabel will first buy two steak and cheese sandwiches; then with her remaining $$6$ she will buy three grilled chicken sandwiches.

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.

If Mabel maximizes her utility she will buy three steak and cheese sandwiches and two grilled chicken sandwiches.

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.