According to diminishing marginal utility, which of the following people would gain the highest marginal benefit from an extra $100 of income?
A) Geoff, a rugby star with an annual household income of $1,200,000
B) Artem, head of a three-person household with an annual household income of $90,000
C) Paco, a single person with an annual household income of $21,000
D) Seru, a single father of three young children with an annual household income of $19,000
Correct Answer:
Verified
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