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Water Is Cheap and Diamonds Are Expensive Because Water Has

Question 97

Multiple Choice

Water is cheap and diamonds are expensive because water has a ________, and diamonds have a ________.


A) low total utility; high total utility
B) low marginal utility; high marginal utility
C) high marginal utility; low marginal utility
D) low marginal utility and a low total utility; high marginal utility and a high total utility

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