Utility Theory Economists observe the more pleasure a product provides, the high

Utility Theory
Economists observe the more pleasure a product provides, the higher the price we’re willing to pay for it.
Total vs. Marginal Utility
Definition: Utility – The pleasure or satisfaction obtained from a good or service.
There is an important distinction between total utility and marginal utility:
Definition: Total Utility – The amount of satisfaction obtained from entire consumption of a product.
Definition: Marginal Utility – The change in total utility obtained by consuming one additional (marginal) unit of a good or service.
Question to be Answered:  Given the definitions above, what is contributing to the great numbers of people who chose not go back to working their previous job after the quarantine?

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