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    Microeconomics Study Set 51
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    Exam 7: Consumer Choice: Maximizing Utility and Behavioral Economics
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    Implicit in the Solution to the Diamond-Water Paradox Is the Idea
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Implicit in the Solution to the Diamond-Water Paradox Is the Idea

Question 77

Question 77

Multiple Choice

Implicit in the solution to the diamond-water paradox is the idea that prices reflect __________ utility instead of __________ utility.


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

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