Martha and Sarah Have the Same Preferences,face the Same Prices,and

question 10

Multiple Choice

Martha and Sarah have the same preferences,face the same prices,and have the same income.Sarah's utility is measured in units while Martha's is measured in units squared.Select the best response.

• A)Martha and Sarah will choose to consume the same set of goods.
• B)Martha's and Sarah's marginal utility per dollar will be equal.
• C)Martha's and Sarah's marginal utilities will be equal.
• D)Martha and Sarah will have equal total utility.
• E)Martha and Sarah will not choose to consume the same set of goods.

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Definitions:

Supply Curves

A graphical representation that shows the relationship between the price of a good and the quantity of that good that producers are willing to supply.

Levied

Levied refers to the imposition of a tax, fee, or fine by a governmental authority, requiring payment from individuals or organizations.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity supplied by producers over a period of time.

Levied

Imposed by authority, typically referring to taxes, fees, or fines.