Rembrandt Paintings Are Expensive and Not as Vital for Life

question 284

Multiple Choice

Rembrandt paintings are expensive and not as vital for life as milk, which is cheap. Marginal utility theory explains this paradox of value: The total utility from a Rembrandt painting is ________ than the total utility from milk, and the marginal utility from a Rembrandt painting is ________ than the marginal utility from milk.

• A) smaller; smaller
• B) smaller; larger
• C) larger; smaller
• D) larger; larger

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