Which of the following statements is false?
A) A millionaire definitely receives less utility from an additional dollar than a poor person.
B) A poor person definitely receives less utility from an additional dollar than a rich person.
C) A millionaire definitely receives the same utility from an additional dollar as a poor person.
D) A millionaire generally receives less utility from an additional dollar than a poor person.
E) We do not know if any of the statements are true or false, because we do not know how much utility one person receives relative to another.
Correct Answer:
Verified
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