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:

Protected

Safeguarded against harm or injury, often by legal means or specific regulations.

Industrial Design Act

Legislation that protects the visual design of objects that are not purely utilitarian, ensuring creators can control and benefit from their designs.

Limited Edition

Refers to a unique or exclusive set of items, often numbered or marked to denote rarity.

Protect

To keep someone or something safe from harm, damage, or injury, often through preventative measures or safeguards.