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Wouldn't that only be if he had to work harder for those additional dollars? How could any higher purchase price have negative marginal utility in this case, re
by PKop 10y ago
Wouldn't that only be if he had to work harder for those additional dollars? How could any higher purchase price have negative marginal utility in this case, realistically?
- pyromine 10y agoI know this is an unpopular idea, but even the belief that you're getting more than something is worth can cause negative emotions which is a negative marginal utility. The marginal utility is really the sum of the economic utility of the dollar and the emotional utility, you can in fact have a negative emotional utility that is greater than the strictly economic utility of the dollar. And to be honest, I don't think I'd ever have that feeling, but it can be a realistic phenomenon.