According to diminishing marginal utility, which of the following people would gain the highest marginal benefit from an extra $100 of income?
A) Jokum, a professional football star with an annual household income of $1 million
B) Julia, a single mother of three young children with an annual household income of $18,000
C) Clive, head of a three-person household with an annual household income of $100,000
D) Clara, a single person with an annual household income of $20,000
Correct Answer:
Verified
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