We Would Expect the Total Utility of Water to Be

question 74

Multiple Choice

We would expect the total utility of water to be high but its marginal utility to be low. Why?

• A)Because water is a fluid and we don't need fluids to live as much as we need food.
• B)Because we need water to live and there is so much of it.
• C)Because we need water to live and there is very little of it.
• D)Because water's price is low.

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