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This Is the Solution to the Diamond-Water Paradox: Those Things

Question 31

Multiple Choice

This is the solution to the diamond-water paradox: Those things that have high value in use sometimes have low prices because they are consumed at low __________ utility; those things that have low value in use sometimes have high prices because they are consumed at high __________utility.


A) marginal; total
B) total; total
C) total; marginal
D) marginal; marginal

Correct Answer:

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