Answer to Question #80715 in Microeconomics for Diamond Phan

Question #80715
1) How can your time be incorporated into the theory of consumer behavior? Explain the following comment: “Want to make millions of dollars? Devise a product that saves Americans lots of time.”
2) Explain the water-diamond paradox. Why is water, which is essential to life, so cheap, while diamonds, which are not at all essential, are so expensive?
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Expert's answer
2018-09-10T13:02:39-0400
Dear Diamond Phan , your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

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