Refer to the below table. The marginal revenue product of the third unit of resource is:

Based on the data in the above table, the table shows a market for a good with

A) an external cost. B) an external benefit. C) a mixed externality. D) no externalities.

The total utility of water is

A) lower than the total and marginal utility of diamonds. B) lower than the total utility of diamonds, but the marginal utility is higher. C) higher than the total utility of diamonds, but the marginal utility of diamonds is higher. D) the same as the total utility of diamonds, but the marginal utilities are the same.