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.

---

Definitions:

Factor B

A variable or condition that is manipulated or varied in an experiment, considered distinct from other variables or conditions.

Levels

The distinct values or stages that a variable can take on within a dataset, often referring to categorical variables.

F-Ratio

A statistic that measures the ratio of the variance among the means of groups to the variance within each group.

Main Effect

The overall impact of an independent variable on a dependent variable in an experiment, analyzing the significant changes or differences.