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Homework answers / question archive /  When we say that water is essential and important to life are we talking about marginal utility or total utility? Explain

 When we say that water is essential and important to life are we talking about marginal utility or total utility? Explain

Economics

 When we say that water is essential and important to life are we talking about marginal utility or total utility? Explain. When we say that diamonds are expensive and not essential to life are we talking about marginal or total utility? Explain.

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