A Manager Who Sets U($20,0000)= 20,U($40,000)= 40,U($60,000)= 70 (Where "U

Multiple Choice

A manager who sets U($20,0000) = 20,U($40,000) = 40,U($60,000) = 70 (where "U( ) " stands for the utility at the particular outcome) has a utility function that:

A) exhibits increasing marginal utility
B) is convex.
C) is linear.
D) exhibits decreasing marginal utility.
E) is concave.