Question: Figure 2 7 - 5 . The figure shows a utility function for Dexter. Figure 2 7 - 5 . The figure shows a utility
Figure The figure shows a utility function for Dexter. Figure The figure shows a utility function for Dexter.
Refer to Figure In what ways does the graph differ from the usual case?
a On the graph shown here, utility is measured along the vertical axis, whereas in the usual case satisfaction is measured along the vertical axis.
b On the graph shown here, wealth is measured along the horizontal axis, whereas in the usual case saving is measured along the horizontal axis.
c The utility function shown here is upwardsloping, whereas in the usual case the utility function is downwardsloping.
d The utility function shown here is bowed downward convex whereas in the usual case the utility function is bowed upward concave
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