A decreasing marginal utility of income contributes to the upward slope of an individual's supply curve.

Name: A decreasing marginal utility of income contributes to the upward slope of an individual's supply curve.
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As an individual's income increases, the marginal utility of each additional unit of income tends to decrease, leading to a less willing attitude towards supplying a good or service at a lower price. This results in an upward sloping supply curve for the individual.

A Decreasing Marginal Utility of Income Contributes to the Upward