Figure 9-3. The figure shows a utility function for Rob.

-Refer to Figure 9-3. From the appearance of Rob's utility function, we know that
A) the pain that Rob would experience if he lost $200 of his wealth would exceed the pleasure that he would experience if he added $200 to his wealth.
B) the pleasure that Rob would experience if he added $200 to his wealth would exceed the pain that he would experience if he lost $200 of his wealth.
C) the property of increasing utility does not apply to Rob.
D) the property of diminishing marginal utility does not apply to Rob.

Question

Figure 9-3. The figure shows a utility function for Rob.
 
-Refer to Figure 9-3. From the appearance of Rob's utility function, we know that
A) the pain that Rob would experience if he lost $200 of his wealth would exceed the pleasure that he would experience if he added $200 to his wealth. 
B) the pleasure that Rob would experience if he added $200 to his wealth would exceed the pain that he would experience if he lost $200 of his wealth. 
C) the property of increasing utility does not apply to Rob. 
D) the property of diminishing marginal utility does not apply to Rob.

Quizplus · Accepted Answer

The Answer of Figure 9-3. The figure shows a utility function for Rob.
 
-Refer to Figure 9-3. From the appearance of Rob's utility function, we know that
A) the pain that Rob would experience if he lost $200 of his wealth would exceed the pleasure that he would experience if he added $200 to his wealth. 
B) the pleasure that Rob would experience if he added $200 to his wealth would exceed the pain that he would experience if he lost $200 of his wealth. 
C) the property of increasing utility does not apply to Rob. 
D) the property of diminishing marginal utility does not apply to Rob.