Read the following news article and then based on the research reported in the news clip explain how an increase in income for people who earn less than $200,000 a year influences total utility and marginal utility compared to those that make over $200,000 per year? Money Can Buy Happiness, But Only to a Point They say money can't buy happiness. Of course, they're wrong. Research by economist David Clingingsmith at the Weatherhead School of Management shows that household income is positively related to emotional well-being and a person's evaluation of their own quality of life For people who earn less than $200,000 a year, getting a pay raise improves their emotional well- being Above $200,000 the effects tail off.

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