The image is a graphical representation of a popular paradox in economics. Some details have been edited and only the initials of the quantity on the vertical axis are visible. Name the paradox.Answer: The Diamond-Water Paradox (also known as the Paradox of Value)
Cracked by Roshan
Original image:
2 comments:
Paradox of Value?
I presume MU=Marginal Utility and the curves show Law of Diminishing Utility
paradox of thrift
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