The diamond-water paradox of value can be explained by
A) distinguishing between total utility and marginal utility.
B) water's high level of utility relative to diamonds.
C) water's low price relative to diamonds.
D) the fact that utility cannot be measured.
A
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Job candidates during a job search will seek to provide employers with ______ but avoid providing _____:
A. positive signals; negative signals. B. as much information as possible; private information. C. negative signals; positive signals. D. truthful information; false information.
Which of the following is an example of nonprice competition?
a. giving coupons for 10 percent discounts to potential customers b. having a Memorial Day Sale c. lowering the price on several selected brands d. offering a product in three colors-blue, green, and red-in addition to the standard black e. increasing the price on all products
If demand rises, what happens to equilibrium price and quantity?
Fill in the blank(s) with the appropriate word(s).
The payoffs for financial derivatives are linked to
A) securities that will be issued in the future. B) the volatility of interest rates. C) previously issued securities. D) government regulations specifying allowable rates of return.