« previous next »

Author Question: Private information is a situation in which A) two parties to an exchange have information that ... (Read 26 times)

ap345

  • Hero Member
  • *****
  • Posts: 537
on: Jun 29, 2018
Private information is a situation in which
 
  A) two parties to an exchange have information that is available to outsiders if they ask.
  B) one party to an exchange has information that is not available to the other.
  C) the marginal cost of a person's obtaining additional information is zero.
  D) the marginal cost of making information available to one more person is zero.

Question 2

If Sean thinks that the choice between going to Olive Garden or Red Lobster is simply too confusing, a behavioral economist will explain that Sean is showing ________.
 
  A) the endowment effect
  B) bounded rationality
  C) bounded self-interest
  D) bounded will power


janeli

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

The information coded in DNA The information coded in DNA
Soils support plant growth through ion exchange Soils support plant growth through ion exchange
Surfing the Internet for nutrition information Surfing the Internet for nutrition information
The nuclear envelope is studded with pores, which allow exchange of materials The nuclear envelope is studded with pores, which allow exchange of materials
The flow of genetic information The flow of genetic information
Gas Exchange during Respiration Gas Exchange during Respiration
Video: Genetics of Cancer

For a complete list of videos, visit our video library