Solved

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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions