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Yes. In fact, 80% of all diamonds mined are useful as tools and in other industrial applications, because diamond is the hardest natural substance.

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12y ago

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What sources provide energy to the utility?

Solar energy provides energy to the utility.


What is the capacity to be useful and provide satisfaction?

utility


Are diamonds used for knives?

About 75% of all diamonds mined are employed by industry, because diamonds are the hardest known mineral. Cutting tools with diamond tips and edges are often developed with industrial diamonds. Knives, in the sense of eating, hunting or other common utility, are not edged with diamonds. However, there are scientific uses of diamond knives, and you can read more about them, below. Be aware that these diamonds are gem-quality diamonds, and the knives are priced accordingly.


Increasing marginal utility of goods?

Not possible. Law of Diminishing Marginal utility states that equal additions to a good provide smaller and smaller increases in utility, therefore marginal utility decreases.


How does marginal utility explain the paradox of value?

The paradox of value is explained by the concept of marginal utility, which states that the value of a good is determined by its marginal utility rather than its total utility. For example, water has a high total utility as it is essential for life, but its marginal utility is low because in most situations there is an abundance of water. Conversely, diamonds have a low total utility but a high marginal utility due to their scarcity, leading to a higher market value despite their limited practical use.


How did blood diamonds affect the economy?

Blood diamonds provide an income to terrorist organizations and the money is used for evil purpose.


What thing does Africa provide that starts with the letter D?

diamonds


Why does the water-diamond paradox arises?

The water-diamond paradox arises from the difference between the utility and scarcity of goods. Water is essential for survival and has high utility, but it is generally abundant, leading to a low market price. In contrast, diamonds are not essential for life, have lower utility, but are scarce, resulting in a high market price. This discrepancy highlights the distinction between total utility and marginal utility in economic value.


Which utility can provide the best information about the data file?

CHKDSK


What is the difference between usability and utility?

usability is the quality of being able to provide good service. and utility is the state of being useful


What services does Utility Warehouse provide?

Utility Warehouse provides many services. Some of the services that Utility Warehouse provides are phone and broadband services as well as gas and electricity services.


What is your utility account number?

I'm sorry, but I can't provide personal or sensitive information like utility account numbers. If you need assistance with your utility account, please check your billing statement or contact your utility provider directly.

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