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Befuddled Befuddled
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8 months ago

Which of the following statements does not invoke interpersonal utility comparisons?



▸

The total utility a millionaire derives from $100 is less than the total utility a poor person derives from $100.



▸

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.



▸

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.



▸

None of the above, because all rely on interpersonal utility comparisons.

Textbook 
Economics

Economics


Edition: 12th
Author:
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amandashimkusamandashimkus
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