The utility function for money is a curve that depicts the relationship between
A)decision alternative and utility.
B)branch probabilities and utility.
C)regret and utility.
D)monetary value and utility.

Question

Quizplus · Accepted Answer

The utility function for money depicts the relationship between monetary value and utility. Therefore, the best choice would be based on the option that maximizes monetary value, as this would also maximize utility.

The Utility Function for Money Is a Curve That Depicts