Which of the Following Statements About Utility and Preferences Is

question 225

Multiple Choice

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)Preferences can be ranked.
• C)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.
• D)Utility cannot be compared across consumers.

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Definitions:

Proficiency

The state or quality of being skilled or competent in a particular activity or field.

Work Flow Design

A method for optimizing the sequence of tasks and activities to enhance efficiency and effectiveness in business processes.

Aggregate

A total or sum made up from individual parts, often used in the context of statistical analysis, data collection, or information synthesis.

Duties

Responsibilities or tasks one is required to perform as part of a job or role.