Multiple Choice
The diamond-water paradox occurs because
A) the price of a product is related to its total utility, not its marginal utility.
B) the price of a product is related to its marginal utility, not its total utility.
C) water is, in fact, very scarce in certain regions of the world.
D) diamonds are more useful than water.
Correct Answer:
Verified
Correct Answer:
Verified
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