Figure 27-2

question 30

Multiple Choice

Figure 27-2.The figure shows a utility function for Britney.
-Refer to Figure 27-2.From the appearance of the utility function,we know that

• A)Britney is risk averse.
• B)Britney gains less satisfaction when her wealth increases by X dollars than she loses in satisfaction when her wealth decreases by X dollars.
• C)the property of diminishing marginal utility applies to Britney.
• D)All of the above are correct.

---

Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by GDP.

Unemployment

The state of being without a paid job despite the willingness to work.

Discipline

A field of study or a branch of knowledge, often involves training to improve strength or self-control.

Hard Work

The exertion of significant effort or endurance, typically resulting in achievement or success.