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MC and MB Refer to the Marginal Cost and Marginal

Question 11

Multiple Choice

  MC and MB refer to the marginal cost and marginal benefit,respectively,of obtaining additional information. -Refer to the diagram above.If the original curves are MB and MC,the equilibrium value and quantity of information are A)  $V2 per unit and A2 units. B)  $V3 per unit and A2 units. C)  $V1 per unit and A1 units. D)  $V2 per unit and A1 units. E)  $V3 per unit and A1 units. MC and MB refer to the marginal cost and marginal benefit,respectively,of obtaining additional information.
-Refer to the diagram above.If the original curves are MB and MC,the equilibrium value and quantity of information are


A) $V2 per unit and A2 units.
B) $V3 per unit and A2 units.
C) $V1 per unit and A1 units.
D) $V2 per unit and A1 units.
E) $V3 per unit and A1 units.

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