The Paradox of Value as It Applies to Diamonds and Water

question 44

Multiple Choice

The paradox of value as it applies to diamonds and water can be explained by

• A)distinguishing between utility and price.
• B)water having a high level of marginal utility relative to diamonds.
• C)water having a low price relative to diamonds.
• D)the fact that utility can't be measured.
• E)distinguishing between total utility and marginal utility.

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Definitions:

Volume

The degree of sound intensity or loudness, often measured in decibels.

Intonation

The variation of pitch in speaking, which can affect the meaning of words and sentences.

Tempo

The speed or pace at which a music piece or section of music is played, or may also refer to the pace of any activity.

Exclude Alternatives

A process of eliminating options or choices from consideration.