Refer to the following figure when answering
Figure 16.2: Consumption Function
-In Figure 16.2 above, point e is equal to:
A) the average of $c _ { 1 }$ and $c _ { 2 }$
B) the utility associated with consuming $c _ { 1 }$
C) total consumption
D) the average utility of $c _ { 1 }$ and $c _ { 2 }$
E) the utility of the average of $c _ { 1 }$ and $c _ { 2 }$

Question

Refer to the following figure when answering  
Figure 16.2: Consumption Function 
-In Figure 16.2 above, point e is equal to:
A) the average of $c _ { 1 }$ and $c _ { 2 }$ 
B) the utility associated with consuming $c _ { 1 }$ 
C) total consumption 
D) the average utility of $c _ { 1 }$ and $c _ { 2 }$ 
E) the utility of the average of $c _ { 1 }$ and $c _ { 2 }$

Quizplus · Accepted Answer

Point e is the midpoint of the line segment connecting c1 and c2, so it is the average of c1 and c2.

Refer to the Following Figure When Answering Figure c1c _ { 1 }c1​

Refer to the Following Figure When Answering
Figure $c _ { 1 }$