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

Question

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

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The Answer of 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

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