The UQ Union is weighing up two expenditure options. It can either buy 20,000 ice-creams (each costing $1.50) to distribute to UQ students or it can construct a skate park costing $50,000 for students to freely use. There are approximately 50,000 students at UQ and each student values an ice-cream and a skate park each at $1.50.

Which of the following statements are true? (Select all that apply)

1. The total summed MB for the skate park is $125,000.

2. The total summed MB for the skate park is $75,000 when considering all students

3. The total summed MB for ice-creams is $75,000 and, as the cost is $50,000, this option will result in a surplus.

4. If 20,000 ice-creams are provided and consumed, then the total summed MB will exceed the total expenditure on ice-creams