Question: Which statement is false? ( LO2 , 5 ) a) The waterdiamond paradox can be resolved with the help of the law of diminishing marginal

Which statement is false? ( LO2 , 5 )

a) The water–diamond paradox can be resolved with the help of the law of diminishing marginal utility.

b) We will consume a service when its marginal utility is equal to its price.

c) The law of diminishing marginal utility has little validity today.

d) None is false.

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