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

Exhibit 14.3

-Refer to Exhibit 14.3,which shows the marginal cost and the marginal benefit of information curves.Which of the following is true of a consumer who has gathered information equal to I₃?

A) The consumer has made an optimal search.
B) The consumer is relying solely on common knowledge.
C) The consumer has acquired all available information that is beneficial to her.
D) Further information will be costless to this consumer.
E) The consumer should increase her search.