Which of the following statements does not invoke interpersonal utility comparisons?
A) The total utility a millionaire derives from $100 is less than the total utility a poor person derives from $100.
B) The marginal utility a millionaire derives from the one-millionth dollar is less than the marginal utility a poor person derives from the one-hundredth dollar.
C) For both the millionaire and the pauper, the marginal utility they derive from the one-thousandth dollar is less than the marginal utility they derive from the five-hundredth dollar.
D) The total utility a millionaire derives from $10,000 is more than the total utility a poor person derives from $10,000.
Correct Answer:
Verified
Q99: Marginal utility
A)is the extra satisfaction derived from
Q100: Exhibit 20-1 Q103: Which of the following statements is true?
A)An
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