Rice is a cheap staple food eaten multiple times of day by many people all over the world. In Trufflelandia, residents also eat expensive mushrooms known as truffles once per year as a birthday celebration. Rice keeps the people alive, and truffles are not necessary for sustaining their lives. Why is rice so cheap and truffles so expensive? a. Truffles taste better, so they are worth more money. b. Rice is easy to cook, so people buy a lot of it. If people are going to buy so much, then it has to be cheap. c. Truffles are more nutritious, and healthy food is always more expensive than unhealthy food. d. People eat so much rice that an additional serving of rice has little marginal value, but the marginal value of another serving of truffles is very high.

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29 August, 03:40

Rice is a cheap staple food eaten multiple times of day by many people all over the world. In Trufflelandia, residents also eat expensive mushrooms known as truffles once per year as a birthday celebration. Rice keeps the people alive, and truffles are not necessary for sustaining their lives. Why is rice so cheap and truffles so expensive? a. Truffles taste better, so they are worth more money. b. Rice is easy to cook, so people buy a lot of it. If people are going to buy so much, then it has to be cheap. c. Truffles are more nutritious, and healthy food is always more expensive than unhealthy food. d. People eat so much rice that an additional serving of rice has little marginal value, but the marginal value of another serving of truffles is very high.

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Giancarlo Lam · Answer 1

Rice is so cheap and truffles are so expansive because D. People eat so much rice that an additional serving of rice has little marginal value, but the marginal value of another serving of truffles is very high.

Explanation:

When it comes to tasty or nutritious foods, there should not be any reason to be more expensive than others food stuffs. However, they often cost a little more. Regarding rice and its easy way of cooking, it is not a strong argument to talk about the price. So the right answer D, due to the fact that is true that eating a higher rate of rice won't have such a great marginal value as it will with truffles. It has to do a lot with higher demand of rice.