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Only need answer.Thank you According to our assumptions about utility, as more of a good is received Total utility decreases at an increasing rate Total

Only need answer.Thank you

According to our assumptions about utility, as more of a good is received

Total utility decreases at an increasing rate

Total utility increases at a decreasing rate

Marginal utility increases at a decreasing rate

Marginal utility decreases at a decreasing rate

Cindy has spent her entire income on groceries and has purchased bundle "A", which includes the purchase of multiple energy drinks and bags of potato chips.Suppose the marginal utility of her last energy drink purchase is 20, the marginal utility of her last potato chip bag purchase is 10, the price of each energy drink is $2, and the price of each potato chip bag is $1.50.How might have Cindy instead used her money to buy a bundle of goods with even greater total utility than bundle "A"?

Purchase less bags of chips, but the same amount of other goods

Purchase more energy drinks and less bags of chips

Purchase more bags of chips and less energy drinks

Purchase less energy drinks, but the same amount of other goods

Due to a drastic increase in the price of her college tuition, Chloe no longer goes out to eat at restaurants.This behavior would be the result of

Diminishing marginal utility

The income effect

Decreasing marginal returns

The substitution effect

Which of the following will generally be true about a utility-maximizing bundle of goods?

The marginal utility per dollar of the last units of each good purchased will roughly be equal

The marginal utility of the last units purchased of each good will roughly be equal

The lowest marginal utility per dollar goods will be purchased before the highest marginal utility per dollar goods

The highest marginal utility goods will be purchased before the lowest marginal utility goods

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