In our case...

In our case, for the utility functions, a conventional method is to use the money metric utility functions to gauge the marginal increase in the utility through the increase in resources (income) and describes as the marginal impact on the utility subject to change of one unit increase in the income .

This becomes the micro- foundations to different micro and macro policy prescriptions, which identifies that the material resources are the only source of utility as it is subjectivised to the money metric resources. So the conventional theories would suggest the more (income) the better (interms of welfare) would be the individual (whether a human unit, household,…