The Total Utility of Water Is

question 407

Multiple Choice

The total utility of water is

• A) lower than the total and marginal utility of diamonds.
• B) lower than the total utility of diamonds, but the marginal utility is higher.
• C) higher than the total utility of diamonds, but the marginal utility of diamonds is higher.
• D) the same as the total utility of diamonds, but the marginal utilities are the same.

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