Multiple Choice
Exhibit 14-3
In Exhibit 14-3, the marginal benefit curve reflects
A) the fact that as Jira spends more time searching for information about HD televisions, additional information yields less and less improvement in the value of the product she will get
B) the opportunity cost of the Jira's time
C) the fact that greater and greater distances must be covered to acquire a marginal piece of information
D) the fact that the cost of gathering information diminishes as more is gathered
E) the fact that there is much common knowledge about consumption
Correct Answer:
Verified
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