Multiple Choice
The high price of diamonds relative to the price of water is due to the fact that
A) total benefits from water are relatively low.
B) total benefits from diamonds are relatively high.
C) marginal benefits from water are relatively high.
D) marginal benefits from diamonds are relatively low.
E) none of the above is true.
Correct Answer:
Verified
Correct Answer:
Verified
Q35: Total growth (in height) is best described
Q36: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1013/.jpg" alt=" Figure 2.3.1.
Q37: What you can afford is limited by<br>A)
Q38: Quantity demanded is a much more limited
Q39: Marginal benefits change with circumstances.
Q41: Which will cause a movement up along
Q42: Dry cleaners charge men a lower price
Q43: As the price of butter rises, smart
Q44: Some sales managers are talking about business.
Q45: Substitutes can be different products or services