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It is stated that: "So that every Filipino may know Jose Rizal, his face must be inscribed in the denomination of the highest circulation." And since the one peso coin is the denomination that has the highest circulation, his face is inscribed there.

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15y ago

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Which of the following is not value expressed in The Odyssey?

Hospitality to strangers and friends is required.


Situation in which some necessities have little value while some non-necessities have a much higher value is known as?

The situation you are referring to is known as the paradox of value or the diamond-water paradox, which highlights the contrast between the high value of non-essential items like diamonds and the low value of essential items like water due to their scarcity and utility in different contexts.


Value of 1926 GOD peace dollar?

The 1926 Peace dollar, like all other silver dollars from that year, has value based on its silver content and condition. In circulated condition, its value may range from $20 to $40. However, if it is in mint condition or has unique characteristics, its value could be higher. It's best to have a coin expert or appraiser assess its worth.


What is the paradox of value?

The paradox of value, also known as the diamond-water paradox, refers to the situation where essential items like water have little monetary value, while non-essential items like diamonds have a high monetary value. This paradox questions why things essential for survival have less value than things that are not necessary for survival.


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.

Related Questions

How do you get percent from higher value to lower value?

if my price is 52.00 and I am told that I am 180 percent higher. How do I find the lower value


What would be the area of the largest polygon that can be inscribe in a circle whose area is 100 pi?

You can get as close to 100*pi as you like. As you increase the number of sides, the limiting value of the area of the polygon is 100*pi.


Is an ounce of gold flakes worth much less than solid pieces of gold weighing an ounce as well?

A 1 ounce nugget will have the same gold weight value as flakes. However, the nugget will have an intrinsic value of anywhere from 10-25% higher than the weight value. So to answer your question. No, these are different. The only way you will get this higher value is to sell to a person instead of a company, unless it is a jeweler.


Should you use 'worth' or 'value' in Collectibles questions on WikiAnswers?

The WikiAnswers style is to use "value" instead of "worth", as in "What is the value of an XYZ?" instead of "What is an XYZ worth?"


Why the experimental value of specific heat capacity is higher than the standars value?

Experimental errors would cause the experimental value of specific heat capacity to be higher than the standard value.


A material with a higher or lower R-value is a better insulator?

Higher


What value is higher 0.01 or 0.087?

0.087 is higher than 0.01


Groups that value higher power distance believe relationships are?

Groups that value higher power distance believe relationships are informal.


What is a primary factor that determines how much economic value somthing has?

Supply and demand. The higher the demand and the lower the supply, the higher the value.


What is opportunity cost and can you provide an example to illustrate its concept?

Opportunity cost is the value of the next best alternative that is foregone when a decision is made. For example, if you choose to go to a concert instead of studying for an exam, the opportunity cost is the potential higher grade you could have achieved if you had studied instead.


Why higher value of roll of is disirable for a filter?

The higher the rate or roll-off, the higher the out of band attenuation.


What is the value of a browning sweet 18 automatic ser 58317 50 years old?

I think you may have meant a "Browining Sweet 16" instead of "18", which is a Belgum-made Browning shotgun. The value of the gun depends on its condition. In good condition the value should range somewhere between $900 to $1,200. But depending on the area where you are, the value could be higher or lower.