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    Microeconomics Study Set 49
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    Exam 3: Consumer Preferences and the Concept of Utility
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    Sally Likes Jim Twice as Much as She Likes Bob
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Sally Likes Jim Twice as Much as She Likes Bob

Question 72

Question 72

Multiple Choice

Sally likes Jim twice as much as she likes Bob. This is an example of:


A) ordinal preferences.
B) cardinal preferences.
C) transitivity.
D) diminishing marginal utility.

Correct Answer:

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