Figure 19-1.The figure shows a utility function.
-Refer to Figure 19-1.What is measured along the vertical axis?
A) risk aversion
B) marginal utility
C) utility
D) the number of units of a good that can be purchased

Question

Figure 19-1.The figure shows a utility function. 
-Refer to Figure 19-1.What is measured along the vertical axis?
A) risk aversion 
B) marginal utility 
C) utility 
D) the number of units of a good that can be purchased

Quizplus · Accepted Answer

The vertical axis typically measures utility in economic graphs, representing the satisfaction or benefit derived from consuming goods or services.

Figure 19-1.The Figure Shows a Utility Function