Figure 9.1 reflects the following idea: as $x$ increases above $y$ then the amount of utility I get from choosing $x$ over $y$ increases at an increasing rate; as $x$ decreases below $y$ then amount of utility I lose from choosing $x$ over $y$ decreases at a decreasing rate.

Question

Quizplus · Accepted Answer

The statement accurately describes the idea reflected in Figure 9.1, where the utility function is concave upward above the indifference curve and concave downward below it.

Figure 91 Reflects the Following Idea: As As x xxx Increases Above

Figure 91 Reflects the Following Idea: As As x $x$ Increases Above