Figure 14-3. The figure shows a utility function for Rob.
-Refer to Figure 14-3. 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 14-3. The figure shows a utility function for Rob. 
-Refer to Figure 14-3. 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 14-3. The figure shows a utility function for Rob. 
-Refer to Figure 14-3. 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.