[Solved] Figure 27-5

Question 32
Multiple Choice

Figure 27-5.The figure shows a utility function for Dexter. img
-Refer to Figure 27-5.Suppose Dexter begins with $1,300 in wealth.Starting from there,

A)the pain of losing $500 of his wealth would equal the pleasure of adding $500 to his wealth.
B)the pain of losing $500 of his wealth would exceed the pleasure of adding $500 to his wealth.
C)the pleasure of adding $500 to his wealth would exceed the pain of losing $500 of his wealth.
D)This cannot be determined from the graph.

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