(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

Question

Quizplus · Accepted Answer

Natasha experiences diminishing marginal utility as her income increases. The marginal utility of income between $30,000 and $32,500 is 0.32 utils per dollar, while it is 0.04 utils per dollar between $47,500 and $50,000.

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