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

Question 69

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Exhibit 14.3
Exhibit 14.3    -Refer to Exhibit 14.3,which shows the marginal cost and the marginal benefit of information curves.Identify a likely impact of a new technology that requires consumers to spend less time searching for information. A) a rightward shift of the marginal cost of information curve B) a rightward shift of the marginal benefit of information curve C) a leftward shift of the marginal cost of information curve D) a leftward shift of the marginal benefit of information curve E) an increase in common knowledge
-Refer to Exhibit 14.3,which shows the marginal cost and the marginal benefit of information curves.Identify a likely impact of a new technology that requires consumers to spend less time searching for information.


A) a rightward shift of the marginal cost of information curve
B) a rightward shift of the marginal benefit of information curve
C) a leftward shift of the marginal cost of information curve
D) a leftward shift of the marginal benefit of information curve
E) an increase in common knowledge

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