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Question
The diamondwater paradox unfairly compares the
a. amount of marginal utility a person receives from a small quantity of something rare with the total utility from a small quantity of something after already consuming a large amount.
b. amount of total utility a person receives from a small quantity of something rare with the marginal utility from a small quantity of something after already consuming a large amount.
c. amount of marginal utility a person receives from a small quantity of something rare with the marginal utility from a small quantity of something after already consuming a large amount.
d. price of water with the price of diamonds.
e. law of demand with the prices of water and diamonds.
Answer
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