Multiple Choice
Rembrandt paintings are expensive and not as vital for life as milk, which is cheap. Marginal utility theory explains this paradox of value: The total utility from a Rembrandt painting is ________ than the total utility from milk, and the marginal utility from a Rembrandt painting is ________ than the marginal utility from milk.
A) smaller; smaller
B) smaller; larger
C) larger; smaller
D) larger; larger
Correct Answer:
Verified
Correct Answer:
Verified
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