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

question 190

True/False

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

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Definitions:

Na+

Sodium ions, essential electrolytes in the body that play critical roles in nerve function, muscle contraction, and fluid balance.

ECF

Extracellular fluid, which is the body fluid outside the cells, playing a critical role in transporting nutrients and removing waste.

Resting Membrane Potential

The electrical charge difference across the membrane of a resting neuron or muscle cell, making it polarized and ready for activation.

Na+

Sodium ions, essential for conducting nerve impulses and maintaining the balance of fluids in the body.