This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: One reason individuals are willing to pay for information in uncertain situations is that ... (Read 146 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
on: Jul 1, 2018
One reason individuals are willing to pay for information in uncertain situations is that information
 
  A) can reduce uncertainty.
  B) is a way to diversify.
  C) is a method of insurance.
  D) is a method of self-insurance.
  E) always reduces the difference between the probabilities of possible outcomes.

Question 2

When compared to the demand curve for only one variable input, the demand curve for a factor input when several inputs are variable is
 
  A) less elastic.
  B) more elastic.
  C) vertical.
  D) horizontal.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

triiciiaa

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


Pineappleeh

  • Member
  • Posts: 585
Reply 2 on: Jul 1, 2018
Gracias!

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Molecular mechanisms that convey positional information. Molecular mechanisms that convey positional information.
Head impact during sports may reduce ability to acquire new information Head impact during sports may reduce ability to acquire new information
Healed bone fractures can provide clues about activities and fresh fractures can yield information a Healed bone fractures can provide clues about activities and fresh fractures can yield information a
Food Labels Provide Nutrient Content Information Food Labels Provide Nutrient Content Information
Accounting Information Systems, 4th Edition Accounting Information Systems, 4th Edition
Video: Ventilation - phases and driving forces

For a complete list of videos, visit our video library