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.
Correct Answer:

Verified
Correct Answer:
Verified
Q220: All but one of the following have
Q221: Economists Gary Becker and Kevin Murphy are
Q222: For which of the following products is
Q223: The income effect of a decrease in
Q224: Article Summary<br>The use of celebrity endorsements can
Q226: Which of the following is explained by
Q227: Figure 10-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 10-4
Q228: The slope of an indifference curve<br>A)is calculated
Q229: If by purchasing more apples and fewer
Q230: Alan Krueger conducted a survey of fans