Which of the Following Is the Best Reason Why We

Which of the following is the best reason why we typically pay a relatively low price for water?

A) Additional units of water are normally not worth much to us.
B) Because water is abundant,the total utility we receive from water is relatively low.
C) Because water is abundant,the marginal utility we receive from water is relatively high.
D) Although additional units of water are normally worth a lot to us,the supply of water is so great we refuse to pay a high price for these additional units.

Correct Answer:

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