We Would Expect the Total Utility of Diamonds to Be

question 98

Multiple Choice

We would expect the total utility of diamonds to be __________ than the total utility of water and the marginal utility of diamonds to be __________ than the marginal utility of water.

• A)higher; higher
• B)lower; lower
• C)higher; lower
• D)lower; higher

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Definitions:

Testimonial

A statement or endorsement given by a satisfied customer about the value and quality of a product or service.

National Mining Association

An organization representing the interests of the mining industry in the United States, including corporations and stakeholders involved in extraction and processing.

Star Augers

Typically, mechanical devices that are used for drilling holes in a variety of materials, but can also refer to a specific component within packaging or manufacturing machinery for metering product.

Counter Suggestion

An alternative proposal or idea presented in response to someone's suggestion or opinion.