Question

The consumer surplus from​ water, which is​ cheap, is​ ______ than the consumer surplus from​ gold, which is expensive. The total utility from gold is​ ______ than the total utility from water. A. ​greater; greater B. ​smaller; greater C. ​smaller; less D. ​greater; less

Answer 1

Answer: The correct answer is "D. ​greater; less".

Explanation: The consumer surplus from​ water, which is​ cheap, is greater than the consumer surplus from​ gold, which is expensive. The total utility from gold is​ less than the total utility from water.