The Paradox of Value Between Diamonds and Water Is Explained

question 71

Multiple Choice

The paradox of value between diamonds and water is explained by the fact that the

• A) total utility of diamonds exceeds the total utility of water.
• B) marginal utility of diamonds exceeds the marginal utility of water.
• C) total utility of diamonds exceeds the marginal utility of water.
• D) marginal utility of diamonds exceeds the total utility of water.

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Definitions:

Extravert

An extravert is a person who is characterized by their outgoing, sociable, and energetic behavior, typically seeking stimulation from the external world.

Extraversion Introversion

A dimension of personality describing an individual's level of sociability and preference for outer activity versus inner reflection.

Stimulating Environment

Surroundings that provide intellectual, sensory, or social stimulation, contributing to cognitive and emotional growth and well-being.

External Disturbances

Events or influences originating outside a system or individual that can cause changes or disruptions in behavior or processes.