The paradox of Diamond is more costly than water is explained by

Related MCQs

• Total variable cost curve is explained by
• If in 2000 nominal GDP is = `70000 Crore and the prices in 2000 were 40% more than the real GDP in 2000 using 1996 as a base year is
• If supply and demand both shift outward, but demand shifts outward more than supply, the equilibrium price
• Price elasticity of demand of a product will be more inelastic if
• Price elasticity demand of product will be more elastic if it
• A monopoly firm makes more profit because
• Assume Samantha likes hot dogs and hamburgers equally, and the price of hamburgers (a normal good) declines. She will most likely purchase more hamburgers; this is
• As a certain type of clothing becomes more fashionable, we would expect its equilibrium price
• In an agricultural family all the family members are working the farmland of the family. Due to addition of two more person in the family they are also working in the farmland of the family with no additional increase in farm output. This type of unemployment is known as
• You decide to do more research on the view that conflict should be encouraged as a means to achieve change and innovation. This view is termed: