menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 12
  4. Exam
    Exam 5: The Demand Curve and the Behavior of Consumers
  5. Question
    Diamonds Are Expensive Because They Have High Marginal Benefits
Solved

Diamonds Are Expensive Because They Have High Marginal Benefits

Question 107

Question 107

True/False

Diamonds are expensive because they have high marginal benefits.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q102: Exhibit 5A-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 5A-2

Q103: Exhibit 5A-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 5A-3

Q104: Exhibit 5A-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 5A-2

Q105: Why does water, which is essential to

Q106: Exhibit 5A-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 5A-3

Q108: As tastes and preferences differ from person

Q109: If an individual's preferences can be illustrated

Q110: For a consumer to maximize utility,<br>A)marginal utility

Q111: Suppose a consumer allocates a budget to

Q112: A typical budget line is<br>A)a positively sloped

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines