Use the following to answer question:
-(Table: Natasha's Total Utility)Use Table: Natasha's Total Utility.Natasha's 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)increases;0.48;0.64
B)increases;0.12;0.36
C)diminishes;0.50;0.25
D)diminishes;0.32;0.04

Question

Use the following to answer question: 
-(Table: Natasha's Total Utility)Use Table: Natasha's Total Utility.Natasha's 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)increases;0.48;0.64 
B)increases;0.12;0.36 
C)diminishes;0.50;0.25 
D)diminishes;0.32;0.04

Quizplus · Accepted Answer

As Natasha's income increases, her marginal utility diminishes. The marginal utility of income between $30,000 and $32,500 is 0.32 utils per dollar, and between $47,500 and $50,000, it is 0.04 utils per dollar.

Use the Following to Answer Question