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Figure 27-5

Question 103

Multiple Choice

Figure 27-5.The figure shows a utility function for Dexter. Figure 27-5.The figure shows a utility function for Dexter.   -Refer to Figure 27-5.From the appearance of the graph,we know that A) Dexter's level of satisfaction increases by more when his wealth increases from $1,001 to $1,002 than it does when his wealth increases from $1,000 to $1,001. B) Dexter's level of satisfaction increases by less when his wealth increases from $1,001 to $1,002 than it does when his wealth increases from $1,000 to $1,001. C) Dexter's level of satisfaction increases by the same amount when his wealth increases from $1,001 to $1,002 as it does when his wealth increases from $1,000 to $1,001. D) None of the above answers can be inferred from the appearance of the utility function.
-Refer to Figure 27-5.From the appearance of the graph,we know that


A) Dexter's level of satisfaction increases by more when his wealth increases from $1,001 to $1,002 than it does when his wealth increases from $1,000 to $1,001.
B) Dexter's level of satisfaction increases by less when his wealth increases from $1,001 to $1,002 than it does when his wealth increases from $1,000 to $1,001.
C) Dexter's level of satisfaction increases by the same amount when his wealth increases from $1,001 to $1,002 as it does when his wealth increases from $1,000 to $1,001.
D) None of the above answers can be inferred from the appearance of the utility function.

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