Figure 27-1.The Figure Shows a Utility Function

question 12

Multiple Choice

Figure 27-1.The figure shows a utility function.
-Refer to Figure 27-1.For the person to whom this utility function applies,

• A)the more wealth she has,the less utility she gets from an additional dollar of wealth.
• B)the more wealth she has,the more utility she gets from an additional dollar of wealth.
• C)her level of satisfaction will be enhanced more by an increase in wealth from $600 to $800 than it would be by an increase in wealth from $400 to $600.
• D)her level of satisfaction will be enhanced equally by an increase in wealth from $600 to $800 or by an increase in wealth from $400 to $600.

---

Definitions:

Means

Methods or ways employed to achieve a certain end or goal.

Rule Utilitarianism

A form of utilitarianism that suggests the best action is one that conforms to a rule that leads to the greatest good.

Greatest Good

A principle often associated with utilitarianism, focusing on actions that produce the highest level of happiness or benefit for the greatest number of people.

Rules

Guidelines or principles governing conduct, operation, or procedure within a specific area or entity, designed to provide order and predictability.