John and Sally Have Identical Preferences Except That Sally's Utility

question 249

Multiple Choice

John and Sally have identical preferences except that Sally's utility is exactly 10 times John's for each basket of goods. If they have the same income and face the same prices

• A) Sally will consume 10 times the amount that John consumes.
• B) Sally will receive 1/10 the satisfaction of John.
• C) both will consume the same amount of all goods.
• D) John and Sally will have equal total utility.

---

Definitions:

Telemarketing Effectiveness

A measure of how successfully telemarketing campaigns achieve their objectives, such as generating leads or closing sales.

Survey Questions

Queries designed to gather data or opinions from respondents on various topics.

Degrees Of Freedom

Represents the number of independent values or quantities that can vary in the analysis without violating any constraints.

PGA

Professional Golfers' Association, an organization for professional golf players.