The diamond-water 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 price of water and diamonds.
Correct Answer:
Verified
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