Because there are so few diamonds in the world, the consumption of diamonds
A)takes priority over the consumption of water.
B)takes place at relatively high marginal utility.
C)takes place at relatively low marginal utility.
D)is more important than the consumption of water.

Question

Quizplus · Accepted Answer

Diamonds are scarce, which means each additional unit consumed provides relatively high satisfaction or utility, reflecting the principle of marginal utility.

Because There Are So Few Diamonds in the World, the Consumption