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Author Question: An information is beneficial to the decision-maker only when: a. its marginal cost is zero. b. its ... (Read 15 times)

mcmcdaniel

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  • Posts: 550
on: Jun 30, 2018
An information is beneficial to the decision-maker only when:
 a. its marginal cost is zero.
  b. its marginal benefits exceeds its marginal cost.
  c. the possibility of inaccurate transmission is nullified.
  d. its marginal benefit is positive.

Question 2

Any point inside the production possibilities frontier is called
 A) full employment.
  B) unemployment.
  C) efficient.
  D) unobtainable.


meryzewe

  • Sr. Member
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  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


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