menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 5: Happiness, Utility, and Consumer Choice
  5. Question
    Diamonds Have a High Marginal Utility Because They
Solved

Diamonds Have a High Marginal Utility Because They

Question 96

Question 96

Multiple Choice

Diamonds have a high marginal utility because they


A) are considered to be so useful
B) have such high total utility
C) have high consumer surplus
D) are so scarce
E) are so expensive

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q91: If government was not allowed to make

Q92: In the "Interdisciplinary Perspective" titled "A Philosophical

Q93: Many social policies, such as progressive income

Q94: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10702/.jpg" alt=" -Refer to Exhibit

Q95: If total utility is positive, marginal utility

Q97: A rational consumer would never purchase a

Q98: Everyone refers to Jerry as "Big Guy."

Q99: If "an apple a day keeps the

Q100: The water and diamond paradox is explained

Q101: You have one free movie to give

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines