Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions:
-(Table: Total Utility of Income After College Expenses) Look at the table Total Utility of Income After College Expenses. The Smith family has _____ marginal utility as income increases. The marginal utility of income between $32,500 and $35,000 is _____ utils per dollar, while it is _____ utils per dollar between $45,000 and $47,500.

A) increasing; 0.48; 0.64
B) increasing; 0.12; 0.36
C) diminishing; 0.28; 0.08
D) diminishing; 0.40; 0.10