Author Question: Which of the following would lead a utility-maximizing consumer to search for additional ... (Read 76 times)

xroflmao

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Which of the following would lead a utility-maximizing consumer to search for additional information?
 a. an increase in income
  b. an increase in the marginal cost of information
  c. improved technology (e.g., Internet search programs)
  d. a reduction in the dispersion of prices
  e. an increase in the consumer's wage rate

Question 2

Todays international exchange rate system operates on the gold standard.
 a. True
  b. False



tjayeee

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Answer to Question 1

C

Answer to Question 2

B



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