36 D. The marginal utility of the 80th unit is less than that of the 120th because the graphincreases from left to right until the 120th unit.E. The marginal utility of the 80th unit is more than that of the 120th because the changein total utility from 60 to 80 units is greater than the change from 100 to 120 units.c. How is the concept of diminishing marginal utility demonstrated in this diagram? (Select allthat apply.)The law is demonstrated by the fact thatA. total utility increases at a decreasing rate.B. total utility decreases at increasing rate.C. total utility increases at an increasing rate.D. total utility decreases at a decreasing rate.E. total utility for the 120th unit is the same as that of the 140th unit.d. What is the marginal utility of consuming Good X when total utility is at its maximum?util(s)(m) Use the diagram to the right to answer the questions below about marginal and total utility forthe consumption of Good X.a. What is the total utility of consuming 80 units of the good? 120 units? 140 units?util(s). The total utility of consumingThe total utility of consuming 80 units of the good is120 units of the good is util(s). The total utility of consuming 140 units of the good isutil(s).(Round your responses to one decimal place.)b. How does the marginal utility of the 80th unit compare to that for the 120th? How do youknow?O A. The marginal utility of the 80th unit is less than that of the 120th because the changein total utility from 60 to 80 units is less than the change from 100 to 120 units.OB. The marginal utility of the 80th unit is more than that of the 120th because the changein total utility from 60 to 80 units is less than the change from 100 to 120 units.O C. The marginal utility of the 80th unit is less than that of the 120th because the changein total utility from 0 to 80 units is less than the change from 0 to 120 units.O D. The marginal utility of the 80th unit is less than that of the 120th because the graphincreases from left to right until the 120th unit.Total Utility (in "utils")64-60-56-52-48-44-40-36-32-28-24-20-16-12-8-4-0-020406080 100 120Units of Good X Consumed per Period140

Utility is the satisfaction level which is measured in utils derived from the consumption and it…

O D. The marginal utility of the 80th unit is less than that of the 120th because the graph increases from left to right until the 120th unit. O E. The marginal utility of the 80th unit is more than that of the 120th because the change in total utility from 60 to 80 units is greater than the change from 100 to 120 units. c. How is the concept of diminishing marginal utility demonstrated in this diagram? (Select all that apply.) The law is demonstrated by the fact that A. total utility increases at a decreasing rate. B. total utility decreases at an increasing rate. c. total utility increases at an increasing rate. D. total utility decreases at a decreasing rate. E. total utility for the 120th unit is the same as that of the 140th unit. d. What is the marginal utility of consuming Good X when total utility is at its maximum? util(s)