Why Are Diamonds More Expensive Than Water

question 411

Multiple Choice

Why are diamonds more expensive than water?

• A) because the last glass of water has higher marginal utility than the last diamond
• B) because the last diamond has higher marginal utility than the last glass of water
• C) because you get more total utility from diamonds
• D) because water is a necessity

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Definitions:

Cones

Photoreceptor cells in the retina of the eye that are responsible for color vision and function best in relatively bright light.

Non-rapid Eye Movement Sleep

A type of sleep characterized by slower brain waves, limited eye movement, and reduced muscle activity, occupying most of the sleep cycle and associated with deep restorative sleep.

Fetal Hormones

Hormones produced by the fetus during pregnancy that play crucial roles in its development, including the differentiation of sex and the maturation of bodily systems.

Anesthetics

Drugs used during surgical procedures to induce a loss of sensation or consciousness, allowing for pain-free surgeries.