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by yummyfajitas
4533 days ago
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But both of those utility functions have sharp curves, and those first dollars generate huge utility (food, shelter, etc.)... The first dollars of consumption (which pay for food and shelter) have high utility. The first dollars of earned income do not increase your consumption. Work or don't work, you won't be hungry and cold either way. Or are you trying to assert that people gain huge utility by working for no material gains? |
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