Recently, Mina's Wealth Increased by $525

question 115

Multiple Choice

Recently, Mina's wealth increased by $525. If her wealth were to increase by another $525 in the near future, then her utility would increase, but not by as much as it increased with the recent increase to her wealth. Based on this information, and graphing wealth on each horizontal axis, Mina's utility function

• A)and marginal utility function are both upward sloping.
• B)and marginal utility function are both downward sloping.
• C)is upward sloping and her marginal utility function is downward sloping.
• D)is downward sloping and her marginal utility function is upward sloping.

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Definitions:

Alkene

A hydrocarbon that contains at least one carbon-carbon double bond, characterized by the general formula CnH2n and playing a vital role in organic synthesis.

Dimethyl Sulfide

A sulfur-containing organic compound with the formula (CH3)2S, known for its distinctive smell.

Methyl Acrylate

An organic compound used as a monomer in the production of polyacrylic fibers and resins.

Anionic Polymerization

A type of chain-growth polymerization where the active center of the polymer is a negatively charged ion or anion.