Multiple Choice
The paradox of value between diamonds and water is explained by the fact that the
A) total utility of diamonds exceeds the total utility of water.
B) marginal utility of diamonds exceeds the marginal utility of water.
C) total utility of diamonds exceeds the marginal utility of water.
D) marginal utility of diamonds exceeds the total utility of water.
Correct Answer:
Verified
Correct Answer:
Verified
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