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Author Question: One reason individuals are willing to pay for information in uncertain situations is that ... (Read 85 times)

Pineappleeh

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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.


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triiciiaa

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


Pineappleeh

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Reply 2 on: Jul 1, 2018
Gracias!

ghepp

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Reply 3 on: Yesterday
Excellent

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