Use the Following to Answer Question

question 2

Multiple Choice

Use the following to answer question:
-(Table: The Total Utility of Income After College Expenses) Use Table: The 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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Definitions:

Primary Goal

The main or most important objective that an individual or organization aims to achieve.

Survival

The act of continuing to live or exist, typically in spite of an ordeal or difficult circumstances.

Symbolic Self

Refers to the representation of an individual’s identity as portrayed through symbols, actions, and behaviors that are meaningful to the social context.

Individualists

describe people emphasizing personal independence and the importance of individual self-reliance over collective or communal goals.