What relationship exists between income and well-being in the well-being curve found in the figure? Satisfaction (0-10 scale) 7.45 7.40 Average responses from surveys asking where you stand between the best possible life for you (which is 10/10) and the worst (0/10). 6.5 5.7 Small fall in well-being of rich Large rise in well-being of poor $0 $20,000 $45,000 To the poor Well-being curve From the rich $175,000 $200,000 Annual income a negative relationship with increasing marginal gains in well-being as income rises a negative relationship with decreasing marginal gains in well-being as income rises a positive relationship with increasing marginal gains in well-being as income rises
What relationship exists between income and well-being in the well-being curve found in the figure? Satisfaction (0-10 scale) 7.45 7.40 Average responses from surveys asking where you stand between the best possible life for you (which is 10/10) and the worst (0/10). 6.5 5.7 Small fall in well-being of rich Large rise in well-being C of poor B To the poor $0 $20,000 $45,000 Well-being curve From the rich B $175,000 $200,000 Annual income a negative relationship with increasing marginal gains in well-being as income rises a negative relationship with decreasing marginal gains in well-being as income rises a positive relationship with increasing marginal gains in well-being as income rises
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