Why does an individual consume a good so that marginal benefit is equal to price?
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Q93: The diamond-water paradox
A)is the fact that people
Q94: An individual's demand curve is not continuous
Q95: Water is cheaper than diamonds because
A)water is
Q96: The market demand curve is derived by
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Q99: The market demand curve is derived graphically
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Q102: Consumer surplus is
A)equivalent to value in use.
B)equivalent
Q103: Suppose Kim is willing to pay $5
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