Since Price Tends to Equal Total Utility, the Price of Water

question 114

True/False

Since price tends to equal total utility, the price of water is low and the price of diamonds is high.

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Definitions:

Depolarizing

A process in which a cell's membrane potential becomes less negative, moving towards zero, often leading to an action potential in neurons.

Repolarizing

The process by which a cell restores its membrane potential to a negative value after an action potential, preparing it for another action potential.

Hyperpolarizing

Hyperpolarizing refers to an increase in a cell's membrane potential, making it more negative and less likely to activate an action potential.

Threshold

The minimal level of stimulation required to trigger a neural impulse or a physiological response.