) In Exhibit 142, if a consumer gathers an amount of information equal to I2,

Name: ) In Exhibit 142, if a consumer gathers an amount of information equal to I2,
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Question

)  In Exhibit 14­2, if a consumer gathers an amount of information equal to I2,

Quizplus · Accepted Answer

If a consumer gathers an amount of information equal to I2, it means that he has made the optimal search, which is the point where the marginal benefit of acquiring further information is equal to the marginal cost of acquiring it. Therefore, he has made the best choice in terms of information search.

) in Exhibit 14­2, If a Consumer Gathers an Amount

) in Exhibit 142, If a Consumer Gathers an Amount