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.
Correct Answer:
Verified
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