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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 5
Which statement is false?
A) The water-diamond paradox can be resolved with the help of the law of diminishing marginal utility.
B) We will consume a service when its marginal utility is equal to its price.
C) The law of diminishing marginal utility has little validity today.
D) None is false.
A) The water-diamond paradox can be resolved with the help of the law of diminishing marginal utility.
B) We will consume a service when its marginal utility is equal to its price.
C) The law of diminishing marginal utility has little validity today.
D) None is false.
Explanation
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Water-diamond paradox can be resolved wi...
Microeconomics 9th Edition by Stephen Slavin
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