For which value function is the consumer strictly better off by integrating two gains, $=y$ 0 ?

Name: For which value function is the consumer strictly better off by integrating two gains, $=y>$ 0 ?
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Question

For which value function is the consumer strictly better off by integrating two gains, $=y>$ 0 ?

Quizplus · Accepted Answer

The logarithmic utility function $U(z)=\ln(z)$ is concave, which means it exhibits diminishing marginal utility. Integrating two gains results in a higher utility than separate gains due to the concavity of the function.

For Which Value Function Is the Consumer Strictly Better Off =y>=y>=y>

For Which Value Function Is the Consumer Strictly Better Off $=y>$