people are willing to pay more for a diamond than for a bottle of water because

The Value Of Diamonds As Well As Water Mystery

people are willing to pay more for a diamond than for a bottle of water because

B) the low benefit of an additional ruby much exceeds the low advantage of an added container of water. C) producers of diamonds have a much higher capacity to manipulate ruby rates than producers of water need to control water prices. D) water prices are held unnaturally reduced by federal governments, because water is necessary forever.

producers of diamonds have a much greater ability to control ruby prices than manufacturers of water need to adjust water costs. the marginal price of generating an additional diamond much surpasses the low price of producing an extra container of water. water prices are held synthetically low by governments, because water is necessary forever. Individuals are willing to pay more for a diamond than for a bottle of water since A.

It holds true that the total utility of water to people is significant, due to the fact that they need it to endure. Nonetheless, because water is in such huge supply in the world, the marginal energy of water is low.

  • D) water rates are held synthetically reduced by governments, given that water is needed permanently.
  • People are willing to pay more for a ruby than for a bottle of water because a.
  • the low advantage of an additional diamond far goes beyond the limited advantage of an added container of water.
  • C) producers of rubies have a much better capability to manipulate ruby costs than producers of water need to manipulate water prices.
  • B) the minimal advantage of an added ruby much surpasses the limited advantage of an added bottle of water.
  • B) the limited advantage of an additional diamond much surpasses the minimal advantage of an added bottle of water.
  • C) producers of diamonds have a much better ability to manipulate diamond rates than producers of water have to adjust water rates.

B) the minimal benefit of an added diamond much exceeds the marginal advantage of an additional bottle of water. C) producers of diamonds have a much greater capability to manipulate diamond costs than producers of water need to adjust water prices. D) water rates are held artificially low by federal governments, given that water is needed forever. Individuals are willing to pay even more for a diamond than for a container of water due to the fact that a. the marginal benefit of an extra diamond much surpasses the minimal benefit of an extra bottle of water.

people are willing to pay more for a diamond than for a bottle of water because

In other words, each extra unit of water that becomes available can be put on less urgent uses as even more urgent uses for water are pleased. High-school professional athletes that skip university to end up being expert athletes A.

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