To Resolve the Diamond-Water Paradox, It Is Important to Note

Multiple Choice

To resolve the diamond-water paradox, it is important to note that under most circumstances,

A) the marginal utility of water is lower than the marginal utility of diamonds.
B) the marginal utilities of water and diamonds are about the same.
C) the marginal utility of water is higher than the marginal utility of diamonds.
D) the marginal utilities of water and diamonds are inversely related.
E) the marginal utilities of water and diamonds are directly related.