Concept:
The circuit described is an LCR series circuit, where the electric bulb acts as the resistor $R$. The brightness of the bulb depends entirely on the power dissipated by it ($P = I_{rms}^2 R$), which in turn depends on the RMS current $I_{rms}$ flowing through the circuit.
Step 1: Analyze the impedance of the LCR circuit.
The current in the circuit is governed by its impedance $Z$:
$$I_{rms} = \frac{V_{rms{Z} = \frac{V_{rms{\sqrt{R^2 + (X_L - X_C)^2$$
where $X_L = \omega L$ (inductive reactance) and $X_C = \frac{1}{\omega C}$ (capacitive reactance).
Step 2: Determine the effect of varying the frequency ($\omega$).
At very low frequencies ($\omega \to 0$), $X_C$ is extremely high and $X_L$ is very low. The impedance $Z$ is high, so the current is low (dim bulb).
As the frequency gradually increases, $X_L$ increases and $X_C$ decreases. The difference $(X_L - X_C)$ becomes smaller, which decreases the total impedance $Z$. Consequently, the current increases, and the bulb grows brighter.
Step 3: Analyze behavior at and beyond resonance.
At a specific resonant frequency ($\omega = \frac{1}{\sqrt{LC$), $X_L = X_C$. The impedance reaches its minimum possible value ($Z_{min} = R$), causing the current to reach its maximum value. The bulb achieves maximum brightness here.
If the frequency is increased further, $X_L$ becomes larger than $X_C$, and their difference $(X_L - X_C)$ starts increasing again. This increases $Z$, decreases the current, and causes the bulb's brightness to decrease.
Therefore, the brightness increases, hits a maximum at resonance, and then decreases.