Movie stars such as salma hayeck, samuel l. Jackson, dwayne johnson, and jennifer lawrence are paid millions of dollars per movie, which can take as much as 6 months of full-time work for an actor. By contrast, doctors and nurses earn considerably less over the same time period. Why might this be?.

Question

21-09-2022
Business

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Movie stars such as salma hayeck, samuel l. Jackson, dwayne johnson, and jennifer lawrence are paid millions of dollars per movie, which can take as much as 6 months of full-time work for an actor. By contrast, doctors and nurses earn considerably less over the same time period. Why might this be?.

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The correct answer is False

By claiming that the marginal advantage of services supplied by doctors and nurses is far lower than the marginal benefit of services provided by major film stars, the diamond-water conundrum is highlighted. This suggests that while there is a greater demand than there are for major film stars, there is a greater supply of doctors and nurses.

The marginal benefit that prominent movie stars provide to moviegoers is greater than the marginal utility that patients receive from doctors and nurses. This is due to the fact that people who utilize the services of well-known actors and actresses are more prepared to pay for them than people who use the services of physicians and nurses. Though a person's health is more important to their quality of life than movies, consumers value movies more for their usefulness than their health, especially once they have achieved a basic level of good health. This truly explains the "diamond water dilemma," in which people are ready to pay more for valuable diamonds than they are for the water that sustains life.

To know more about diamond-water paradox refer to https://brainly.com/question/13620766

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