This topic contains a solution. Click here to go to the answer

Author Question: Economists generally believe that a. buyers and sellers have all the information they can use b. ... (Read 43 times)

MGLQZ

  • Hero Member
  • *****
  • Posts: 579
Economists generally believe that
 a. buyers and sellers have all the information they can use
  b. additional information is costly to acquire
  c. decision makers have complete knowledge of all the alternatives available
  d. economic decisions result from random behavior
  e. decision makers never make mistakes

Question 2

Consumers need information to make good choices. Which of the following is correct regarding this information?
 a. Advertising is always harmful to consumers.
  b. Information is scarce and therefore valuable.
  c. Brand names offer no informational content.
  d. Acquiring more information is always rational.
  e. Marginal analysis does not apply to the acquisition of information.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aidanmbrowne

  • Sr. Member
  • ****
  • Posts: 305
Answer to Question 1

B

Answer to Question 2

B




MGLQZ

  • Member
  • Posts: 579
Reply 2 on: Jul 1, 2018
Gracias!


ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

For a complete list of videos, visit our video library