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Author Question: Which of the following statements about utility and preferences is false? A) If Sidra prefers tea ... (Read 78 times)

dbose

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Which of the following statements about utility and preferences is false?
 
  A) If Sidra prefers tea to coffee and coffee to hot chocolate, then she must prefer tea to hot chocolate.
  B) If two individuals, Ingrid and Inez, each consume the same bundle of goods, then both Inez and Ingrid must receive the same utility from the bundle.
  C) Utility cannot be compared across consumers.
  D) Preferences can be ranked.

Question 2

Refer to Figure 14-3. How will Rainbow Writer respond to Odeon's two possible offers?
 
  A) Rainbow Writer will accept either offer.
  B) Rainbow Writer will reject either offer.
  C) Rainbow Writer will only accept an offer of 30 per copy of the software package.
  D) Rainbow Writer will only accept an offer of 40 per copy of the software package.


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frankwu0507

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dbose

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


matt95

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Reply 3 on: Yesterday
Wow, this really help

 

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