Figure 27-1.The Figure Shows a Utility Function

question 67

Multiple Choice

Figure 27-1.The figure shows a utility function.
-Refer to Figure 27-1.Suppose the person to whom this utility function applies begins with $600 in wealth.Starting from there,

• A)she would be willing to accept a coin-flip bet that would result in her winning $200 if the result was "heads" or losing $200 if the result was "tails."
• B)the pain of losing $200 of her wealth would equal the pleasure of adding $200 to her wealth.
• C)the pain of losing $200 of her wealth would exceed the pleasure of adding $200 to her wealth.
• D)the pleasure of adding $200 to her wealth would exceed the pain of losing $200 of her wealth.

---

Definitions:

Accompanying Map

A map that is provided along with other materials or data to offer spatial context or additional information.

Convergent Plate Boundary

A region where two tectonic plates are moving toward each other, often resulting in one plate subducting beneath the other and leading to geological phenomena such as earthquakes and mountain building.

Plate Boundaries

The edges where two or more of Earth's tectonic plates meet, often resulting in geological activity such as earthquakes and volcanism.

Divergent Boundary

A tectonic plate boundary where two plates are moving away from each other, often resulting in the creation of new oceanic crust.