The Phrase "The Declining Marginal Utility of Money" Means That

question 40

True/False

The phrase "the declining marginal utility of money" means that successive additions to one's income produce, on average, less happiness or welfare than did earlier additions.

---

Definitions:

Careful Planning

The meticulous process of organizing and arranging activities or tasks with detailed attention to ensure success.

Presentation Software

Computer programs used to create slideshows or digital presentations to convey information visually.

Pauses

Momentary stops or breaks in speech or action.

Main Message

The most important piece of information or central idea conveyed in a text or speech.