Business, 12.03.2020 16:45 skyefricke1139
Which of the following statements does not invoke interpersonal utility comparisons? Select one:
a. The total utility a millionaire derives from $100 is less than the total utility a poor person derives from $100.
b. 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.
c. 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.
d. None of the above, because all rely on interpersonal utility comparisons.
Answers: 1
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Which of the following statements does not invoke interpersonal utility comparisons? Select one:
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