Water has a ________ marginal utility and brings a ________ consumer surplus; diamonds have a ________ marginal utility and bring a ________ consumer surplus.
A) small; small; large; large
B) large; large; small; small
C) small; large; large; small
D) large; small; small; large
Question 2
As perfectly competitive firms leave a market because they are incurring an economic loss, the price of the good ________ and the economic loss of each remaining firm ________.
A) rises; increases
B) rises; decreases
C) falls; increases
D) falls; decreases
Air pressure under water
Wetlands Store and Clean Water
This lithograph by Currier and Ives gives an erroneous impression of the “battle.” Major Robert Ande
The Importance of Water
The aquaporin water channel
A Bat Ray cruising through the water column below the "sunburst." Bat Rays are types of ...