One Reason Why the Price of Diamonds Is So High

question 43

Multiple Choice

One reason why the price of diamonds is so high is because the

• A) marginal utility of diamonds is zero.
• B) marginal utility of diamonds is high.
• C) marginal utility of diamonds is low.
• D) total utility of diamonds is low.
• E) total utility of diamonds is high.

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Definitions:

RFID

Radio-frequency identification, a technology using electromagnetic fields to automatically identify and track tags attached to objects.

Mobile Health App (mHealth)

A mobile application designed to offer health-related services and information via smartphones, tablets, or wearable devices.

Learning Management System (LMS)

A software application or web-based technology used to plan, implement, and assess a specific learning process, allowing for the management of educational courses and training programs.

BYOD

Bring Your Own Device (BYOD) is a policy allowing employees to use their personal devices for work purposes, potentially increasing productivity and satisfaction.