Why is information sometimes considered as a ...

[Zoey63294]

Why is information sometimes considered as a good?

Question 2

With an increase in income, the consumer will maximize utility on a new indifference curve that represents a higher level of utility.
 a. True
  b. False
  Indicate whether the statement is true or false

[shaquita]

Answer to Question 1

In some ways information is a good like many others. It has value but is costly to obtain. For collecting valuable information individuals need to devote time.

Answer to Question 2

True