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Author Question: The fact that diamonds have a much higher price than water (Read 18 times)

big1devin

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on: May 24, 2019
The fact that diamonds have a much higher price than water
◦ violates the rules of utility maximization because water is necessary for life.
◦ does not violate the rules of utility maximization because globally, fresh water is actually very rare.
◦ does not violate the rules of utility maximization because water's marginal utility is low.
◦ violates the rules of utility maximization because diamonds are not necessities.
◦ violates the rules of utility maximization because the consumer actually consumes a large amount of water.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by big1devin on May 24, 2019

jharrington11

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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big1devin

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Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

jamesnevil303

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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