BA540 Managerial Economics, homework help

BA540 Managerial Economics

Skousen, M. (2013).Economic Logic. Fourth Edition. Regnery Publishing


ISBN 9781621572220

150 words

Problem 11 in the “Problems to Ponder” at the end of chapter 1 asks:  Is one’s standard of living the same as one’s quality of life?  

Can a person be materially well-off (high standard of living), but unhappy (low quality of life)?  

Do you agree or disagree? Can you give an example?