Use Figure 15

question 57

Multiple Choice

Use Figure 15.2 to answer the following questions.
-According to the utility function in Figure 15.2 above,

• A)people's lifetime utility is equal to .
• B)people prefer to consume the average over their lifetime rather than and .
• C)the utility associated with consuming the average over both periods is greater than the average of and .
• D) .
• E)b and c