Figure 27-1.The figure shows a utility function.
-Refer to Figure 27-1.Which distance along the vertical axis represents the marginal utility of an increase in wealth from $600 to $800?

Question

Figure 27-1.The figure shows a utility function. 
-Refer to Figure 27-1.Which distance along the vertical axis represents the marginal utility of an increase in wealth from $600 to $800?

Quizplus · Accepted Answer

The marginal utility of an increase in wealth from $600 to $800 can be obtained by calculating the change in utility between points B and C on the vertical axis. Therefore, the distance between point B and point C represents the marginal utility of an increase in wealth from $600 to $800.

Figure 27-1.The Figure Shows a Utility Function