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
Correct Answer:
Verified
Correct Answer:
Verified
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