To Resolve the Diamond-Water Paradox, It Is Important to Note

question 80

Multiple Choice

To resolve the diamond-water paradox, it is important to note that under most circumstances,

• A)the marginal utility of water is lower than the marginal utility of diamonds.
• B)the marginal utilities of water and diamonds are about the same.
• C)the marginal utility of water is higher than the marginal utility of diamonds.
• D)the marginal utilities of water and diamonds are inversely related.
• E)the marginal utilities of water and diamonds are directly related.

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Definitions:

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