Use the Following to Answer Question

question 116

Multiple Choice

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

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Definitions:

Creative Choice

The decision-making process that involves thinking in new and innovative ways.

Financial Management

The strategic planning, organizing, directing, and controlling of financial undertakings in an organization or an individual's life.

Real Wealth

The tangible or material assets one possesses, as opposed to perceived wealth or status indicators.

Leisure Time

Free time spent away from business, work, domestic chores, and education, often engaged in recreational activities.