Scenario 27-1

Lisa has a utility function
$$U = W ^ { 1 / 2 }$$ where W is Lisa's wealth in millions of dollars and U is the utility she obtains.

-Refer to Scenario 27-1. Use the following diagram to graph Lisa's utility function for
$$0 \leq W \leq 25$$ .

Question

Scenario 27-1
​
Lisa has a utility function
 $$U = W ^ { 1 / 2 }$$ where W is Lisa's wealth in millions of dollars and U is the utility she obtains.
​
-Refer to Scenario 27-1. Use the following diagram to graph Lisa's utility function for
 $$0 \leq W \leq 25$$ .
  ​

Quizplus · Accepted Answer

The Answer of Scenario 27-1
​
Lisa has a utility function
 $$U = W ^ { 1 / 2 }$$ where W is Lisa's wealth in millions of dollars and U is the utility she obtains.
​
-Refer to Scenario 27-1. Use the following diagram to graph Lisa's utility function for
 $$0 \leq W \leq 25$$ .
  ​

Scenario 27-1 ​ Lisa Has a Utility Function U=W1/2U = W ^ { 1 / 2 }U=W1/2

Scenario 27-1

Lisa Has a Utility Function $U = W ^ { 1 / 2 }$