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Exhibit 14.3 -Refer to Exhibit 14.3,which Shows the Marginal Cost and the Marginal

Question 72

Multiple Choice

Exhibit 14.3
Exhibit 14.3 -Refer to Exhibit 14.3,which shows the marginal cost and the marginal benefit of information curves.The point I<sub>1</sub> indicates _____ A) the optimal amount of information gathered. B) common knowledge. C) the opportunity cost of a consumer's time. D) adverse selection. E) that all information is costly.
-Refer to Exhibit 14.3,which shows the marginal cost and the marginal benefit of information curves.The point I₁ indicates _____

A) the optimal amount of information gathered.
B) common knowledge.
C) the opportunity cost of a consumer's time.
D) adverse selection.
E) that all information is costly.

Correct Answer: