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Exhibit 14-3 in Exhibit 14-3, the Point Where the Marginal

Question 185

Multiple Choice

Exhibit 14-3 Exhibit 14-3 In Exhibit 14-3, the point where the marginal cost of information is 0 and the amount of information is 5 minutes worth is A) the optimal amount of information gathered B) common knowledge C) the opportunity cost of the consumer's time D) adverse selection E) that all information is costly In Exhibit 14-3, the point where the marginal cost of information is 0 and the amount of information is 5 minutes worth is

A) the optimal amount of information gathered
B) common knowledge
C) the opportunity cost of the consumer's time
D) adverse selection
E) that all information is costly

Correct Answer: