Figure 19-4

question 349

Multiple Choice

Figure 19-4.The figure shows a utility function for Dexter.
-Refer to Figure 19-4.From the appearance of the graph,we know that

• A) Dexter's level of satisfaction increases by more when his wealth increases from $1,001 to $1,002 than it does when his wealth increases from $1,000 to $1,001.
• B) Dexter's level of satisfaction increases by less when his wealth increases from $1,001 to $1,002 than it does when his wealth increases from $1,000 to $1,001.
• C) Dexter's level of satisfaction increases by the same amount when his wealth increases from $1,001 to $1,002 as it does when his wealth increases from $1,000 to $1,001.
• D) None of the above answers can be inferred from the appearance of the utility function.

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Definitions:

Background Information

Essential context or facts needed to fully understand a topic or situation.

Good News

Information or a message that is positive, reassuring, or that brings joy or happiness.

Mood Swings

Rapid and intense changes in emotional state, which can be characteristic of certain psychological conditions.

Argumentativeness

A behavioral characteristic involving a tendency or eagerness to engage in debates or arguments, often seen as confrontational.