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Question: determine whether each of the following statements is true or...

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Determine whether each of the following statements is TRUE or FALSE and write a short explanation for your answer.

Assume there are two goods in the world, apples, and oranges. If Adam has a utility of 5 for apples and 10 for oranges, while Ben has a utility of 10 for apples and 20 for oranges.

  1. We can say that Adam enjoys apples more than oranges.
  2. We can say that Ben enjoys oranges more than apples.
  3. We can say that Ben enjoys apples more than Adam does.
  4. We can say that Ben enjoys oranges more than Adam does.
  5. Since the utility of Ben is just 2 times the utility of Adam, the two utilities represent the same preference.
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