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Question
The diamond-water paradox was solved by knowing that
A) the total utility of water is greater than the total utility of diamonds.
B) the marginal utility of water is greater than the marginal utility of diamonds.
C) the price of water and diamonds is determined by total utility received, not marginal utility.
D) the price of water and diamonds is determined by marginal utility, not total utility.
Answer
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Related questions
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