1. State and solve the diamond-water paradox. 2. What does falling total utility imply for marginal utility? Give an arithmetical example to illustrate your answer.ns
1. State and solve the diamond-water paradox. 2. What does falling total utility imply for marginal utility? Give an arithmetical example to illustrate your answer.ns at the back of the book. 3. When would a good's total utility and marginal utility be the same
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