According to diminishing marginal utility, which of the following people would gain the lowest marginal benefit from an extra $100 of income?
A) Ariana, an actress with an annual household income of $1,500,000
B) Shawna, a single mother of three young children with an annual household income of $19,000
C) Devin, head of a three-person household with an annual household income of $120,000
D) Chin, a single person with an annual household income of $20,000
Correct Answer:
Verified
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