Use the Following to Answer Questions

question 91

Multiple Choice

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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Definitions:

Coccyx

The small, triangular bone at the base of the spinal column, often called the tailbone.

Sacrum

A large, triangular bone at the base of the spine, below the lumbar vertebrae and above the coccyx, forming part of the pelvis.

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, often measured for diagnostic purposes.

Stress

A physical or psychological response to internal or external pressures, often resulting in physical, mental, or emotional strain or tension.