Figure 27-4.The figure shows a utility function for Alex.
-Refer to Figure 27-4.From the appearance of Alex's utility function,we know that
A)the pain that Alex would experience if he lost $500 of his wealth would exceed the pleasure that he would experience if he added $500 to his wealth.
B)the pleasure that Alex would experience if he added $500 to his wealth would exceed the pain that he would experience if he lost $500 of his wealth.
C)the property of increasing utility does not apply to Alex.
D)the property of diminishing marginal utility does not apply to Alex.

Question

Figure 27-4.The figure shows a utility function for Alex. 
-Refer to Figure 27-4.From the appearance of Alex's utility function,we know that
A)the pain that Alex would experience if he lost $500 of his wealth would exceed the pleasure that he would experience if he added $500 to his wealth. 
B)the pleasure that Alex would experience if he added $500 to his wealth would exceed the pain that he would experience if he lost $500 of his wealth. 
C)the property of increasing utility does not apply to Alex. 
D)the property of diminishing marginal utility does not apply to Alex.

Quizplus · Accepted Answer

The Answer of Figure 27-4.The figure shows a utility function for Alex. 
-Refer to Figure 27-4.From the appearance of Alex's utility function,we know that
A)the pain that Alex would experience if he lost $500 of his wealth would exceed the pleasure that he would experience if he added $500 to his wealth. 
B)the pleasure that Alex would experience if he added $500 to his wealth would exceed the pain that he would experience if he lost $500 of his wealth. 
C)the property of increasing utility does not apply to Alex. 
D)the property of diminishing marginal utility does not apply to Alex.