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.

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Definitions:

Fitness

The condition of being physically healthy and strong, often associated with the ability to perform aspects of sports, occupations, and daily activities.

Young Adults

Individuals in a stage of life typically ranging from late teens through twenties, often characterized by increased independence and exploration of identity.

Older Adults

Individuals typically described as being in the later stage of life, often defined as ages 65 and older, experiencing various physiological and social changes.

Substance Use

The consumption of drugs, alcohol, or other chemicals, which can vary from occasional use to dependency.