According to the GSS, People Who Are Married Tend to

question 8

Multiple Choice

According to the GSS, people who are married tend to

• A)have higher family incomes.
• B)have higher personal incomes.
• C)be more likely to see themselves as being in good health.
• D)be more happy overall.
• E)all of the above

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Definitions:

Marginal Utility

The additional satisfaction or utility received by a consumer from consuming one more unit of a good or service.

Consumer Surplus

The divergence between the sum consumers are prepared and financially capable to pay for a good or service and the sum they actually disburse.

Marginal Utility

The extra pleasure or benefit received from using an additional unit of a product or service.

Consumer Surplus

The financial gap between the potential spending by consumers on a product or service versus their actual spending.