Figure 27-1.The Figure Shows a Utility Function

question 12

Multiple Choice

Figure 27-1.The figure shows a utility function.
-Refer to Figure 27-1.For the person to whom this utility function applies,

• A)the more wealth she has,the less utility she gets from an additional dollar of wealth.
• B)the more wealth she has,the more utility she gets from an additional dollar of wealth.
• C)her level of satisfaction will be enhanced more by an increase in wealth from $600 to $800 than it would be by an increase in wealth from $400 to $600.
• D)her level of satisfaction will be enhanced equally by an increase in wealth from $600 to $800 or by an increase in wealth from $400 to $600.

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