Explain the diamond water paradox

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Explain the Diamond Water Paradox

Please explain how our Utility theory (Consumer Choice) explains why some essential goods are cheaper than non-essential goods.

The Business Firm, Structure and Profits

Why can firms produce more efficiently than households or individuals? Why don't you make your own cell phone? Your own jacket? Your own car? Why don't you grow your own oranges?

Reference no: EM131159543

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