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Figure 27-1.The Figure Shows a Utility Function

Question 1

Multiple Choice

Figure 27-1.The figure shows a utility function. Figure 27-1.The figure shows a utility function. -Refer to Figure 27-1.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
-Refer to Figure 27-1.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

Correct Answer:

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