Voters will gather information on voting alternatives:
A)when the cost of acquiring such information is exorbitantly high.
B)as long as the marginal benefit to them of acquiring additional information exceeds the marginal cost to them.
C)as long as the marginal benefit to them of the information is less than the marginal cost to them of gathering the information.
D)because the welfare of the community is always perceived to be more important than the welfare of the individual.

Question

Voters will gather information on voting alternatives:
A)​when the cost of acquiring such information is exorbitantly high.
B)​as long as the marginal benefit to them of acquiring additional information exceeds the marginal cost to them.
C)​as long as the marginal benefit to them of the information is less than the marginal cost to them of gathering the information.
D)​because the welfare of the community is always perceived to be more important than the welfare of the individual.

Quizplus · Accepted Answer

Voters will gather information on voting alternatives as long as the marginal benefit to them of acquiring additional information exceeds the marginal cost to them. In other words, individuals will continue to seek information until the benefit they receive from obtaining it is less than the cost of obtaining it. Therefore, voters are rational and will only gather information if it is worth it to them in terms of the benefits they receive from the information.

Voters Will Gather Information on Voting Alternatives