It is perfectly rational for voters to be uninformed about some issues because the marginal cost of obtaining the needed information exceeds the marginal benefit of knowing the information.
Correct Answer:
Verified
Q233: According to public choice theory,:
A) special interests
Q234: Jan is experiencing diminishing marginal utility from
Q235: Net benefit is maximized where marginal benefit
Q236: Profit is maximized where the total revenue
Q237: Payments that a business makes to acquire
Q238: In order to maximize the net benefit
Q239: The profit necessary to keep a business
Q241: The change in total satisfaction from consuming
Q242: Total benefit minus total cost equals _.
Q243: A _ externality creates a benefit for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents