Figure 14-1 $$\frac { 0 \mathrm {~A} } { 600 }$$

question 273

Multiple Choice

Figure 14-1. The figure shows a utility function.
-Refer to Figure 14-1. Let 0A represent the distance between the origin and point A; let AB represent the distance between point A and point B; etc. Which of the following ratios best represents the marginal utility per dollar when wealth increases from $400 to $600?

• A) \[\frac { 0 \mathrm {~A} } { 600 }\]
• B) \[\frac { A B } { 600 }\]
• C) \[\frac { 0 B } { 200 }\]
• D) \[\frac { A B } { 200 }\]

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Definitions:

Writs of Assistance

Legal documents that served as general search warrants enabling British officials to search homes and businesses for smuggled goods in colonial America.

Regulators

Groups of backcountry Carolina settlers who protested colonial policies.

Stamp Act Congress

A meeting of delegates from several American colonies in 1765, protesting against British taxation without representation, specifically the Stamp Act.

Committees of Correspondence

Networks of communication established among the American colonies to disseminate colonial opposition to British policies through the exchange of letters and pamphlets.