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(Table: Natasha's Total Utility) Look at the Table Natasha's Total

Question 34

Multiple Choice

(Table: Natasha's Total Utility) Look at the table Natasha's Total Utility.Natasha experiences
________ marginal utility as her income increases.The marginal utility of income between
$30,000 and $32,500 is ________ utils per dollar, while it is utils per dollar
Between $47,500 and $50,000.


A) increasing; 0.48; 0.64
B) increasing; 0.12; 0.36
C) diminishing; 0.50; 0.25
D) diminishing; 0.32; 0.04

Correct Answer:

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