I need support with this Economics question so I can learn better.
Do you agree with Henry David Thoreau’s quote, “Happiness is like a butterfly; the more you chase it, the more it will elude you, but if you turn your attention to other things, it will come and sit softly on your shoulder”?
Can this relate to how much money you make? If you make more than $75,000 per year, will you be happier?
Explain your answer using diminishing marginal utility.