ch 6 q1 unanswered suppose you inherit $1 million. what is likely to happen to your marginal utility from…
ch 6 q1 unanswered suppose you inherit $1 million. what is likely to happen to your marginal utility from working? select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a increase b decrease c no change
Answer
Brief Explanations:
Marginal utility is the additional satisfaction from consuming one more unit of a good or service. When you inherit $1 million, your financial situation improves significantly. You no longer rely as much on the income from working. So, the additional satisfaction (marginal utility) you get from working is likely to decrease.
Answer:
B. Decrease