Question

We have determined that Jenny's satisfaction from eating a Snickers bar is 30 utils, whereas Sarah's satisfaction from eating a Snickers bar is 15 utils. We also know that Jenny prefers Snickers bars over Milky Way bars. Which of the following statements can we say for sure are true? Drag the true statements to the box. Items (7 items) (Drag and drop into the appropriate area below) Jenny likes Snickers bars twice as much as Sarah does. Sarah likes Snickers bars more than Jenny likes Milky Way bars. Sarah likes Snickers bars more than Jenny does. Jenny likes Snickers bars more than Sarah does. Jenny's satisfaction from consuming a Milky Way bar must be less than 30 utils. There is not enough information to determine who likes Snickers bars the most. The price of the Snickers bar is needed in order to find out who likes it the most.

Answer 1

Jenny's higher utility score indicates she likes Snickers bars more than Sarah does, but utility is subjective and cannot be directly compared between individuals. We can conclude that Jenny's utility from a Milky Way must be less than from a Snickers bar since she prefers the latter.

Step-by-step explanation:

In comparing Jenny's and Sarah's satisfaction from eating a Snickers bar, using utils—a hypothetical unit of measurement for utility—we seek to determine the truth of several statements. We know for sure that Jenny's satisfaction is 30 utils and Sarah's is 15 utils. One statement we can definitively say is true is that Jenny likes Snickers bars more than Sarah does, solely based on the number of utils. Additionally, because Jenny prefers Snickers bars over Milky Way bars, it's logical to infer that Jenny's satisfaction from consuming a Milky Way bar must be less than 30 utils. However, the claim that Jenny likes Snickers bars twice as much as Sarah does is not necessarily true; while Jenny's utils are double Sarah's, utility is subjective and not directly comparable between individuals. Moreover, there is no basis to determine the relative preference of Sarah liking Snickers bars compared to Jenny liking Milky Way bars, nor can we assert that price is relevant without additional information.

Answer 2

We can confirm that Jenny likes Snickers more than Sarah based on their assigned utils, and that Jenny values Milky Way bars at less than 30 utils. Utils are subjective and cannot be used to make direct comparisons of enjoyment between individuals.

Step-by-step explanation:

When examining Jenny and Sarah's satisfaction levels from consuming Snickers bars, several statements were presented to determine which are true. A key concept in understanding this scenario is the notion of utility, which in economics refers to the pleasure or satisfaction one gets from consuming goods or services. It's crucial to remember that utility is subjective and cannot be directly compared between individuals, which is the core reason we cannot say for sure who likes Snickers bars the most or if someone likes them twice as much as another. The only thing we can assert is that Jenny's satisfaction from consuming a Milky Way bar must be less than 30 utils since she prefers Snickers bars over Milky Way bars. Therefore, two statements are true:

• Jenny likes Snickers bars more than Sarah does based on their respective utils.
• Jenny's satisfaction from consuming a Milky Way bar must be less than 30 utils.