Question

Between water and Diamond which one is more valuable and why? please give answer​

Answer 1

Answer:

jab pyaas lagegi to diamond to nahi peeyoge na!....ofc water is more valuable!

Answer 2

Answer:

At low levels of consumption, water has a much higher marginal utility than diamonds and thus is more valuable. People usually consume water at much higher levels than they do diamonds and thus the marginal utility and price of water are lower than that of diamonds..

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