Multiple Choice
Smith, who has $10,000, receives an extra dollar, as does Jones, who has $100,000. Smith receives more utility from the extra dollar than does Jones. This is an example of
A) an interpersonal utility comparison.
B) the law of diminishing marginal utility.
C) the diamond-water paradox.
D) a and b
Correct Answer:
Verified
Correct Answer:
Verified
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