We Can Explain the Paradox of Value as Follows: the Consumer

Multiple Choice

We can explain the paradox of value as follows: The consumer surplus from water, which is cheap, is ________ than the consumer surplus from gold, which is expensive; the total utility from gold is ________ than the total utility from water; and the marginal utility per dollar spent on water ________ the marginal utility per dollar spent on gold.

A) greater; less; equals
B) smaller; less; equals
C) greater; greater; greater than
D) less; greater; greater than