Use Figure 15

question 23

Multiple Choice

Use Figure 15.1 to answer the following questions.
-Consider the utility functions in Figure 15.1.Which of the following exhibits diminishing marginal utility?

• A)a
• B)e
• C)d
• D)b

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Definitions:

Temporary Assistance

Short-term financial or material aid provided to individuals or families in need to help them cope with emergencies or periods of economic hardship.

Needy Families

Households with insufficient income or resources to meet basic living expenses.

Supplemental Security Income

A United States government program that provides financial aid to elderly, blind, or disabled individuals with little or no income to help them meet basic needs for food, clothing, and shelter.

Negative Income Tax

is a proposed system of income support that involves the government providing financial assistance to individuals earning below a certain threshold.