=+(and lose her investment). The accompanying table illustrates Vickys utility function. Income Total utility (utils) So 0)

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=+(and lose her investment). The accompanying table illustrates Vicky’s utility function.

Income ‘Total utility (utils)

So 0)

1,000 50 2,000 85 3,000 15 4,000 140 5,000 163 6,000 183 7,000 200 8,000 215 9,000 229 10,000 241

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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