Scenario 27-2
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Suppose Dave Has a Utility Function $$U = 4 W ^ { 1 / 2 }$$

question 118

Essay

Scenario 27-2
​
Suppose Dave has a utility function
$$U = 4 W ^ { 1 / 2 }$$ where W is his wealth in millions of dollars and U is the utility he obtains.
​
-Refer to Scenario 27-2. Use the following diagram to graph Dave's utility function for
$$0 \leq W \leq 25$$ .
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