Author Question: Voters will gather information on voting alternatives: a. when the cost of acquiring such ... (Read 136 times)

arivle123 · **on:** Jun 30, 2018

Voters will gather information on voting alternatives:
a. when the cost of acquiring such information is exorbitantly high.
b. as long as the marginal benefit to them of acquiring additional information exceeds the marginal cost to them.
c. as long as the marginal benefit to them of the information is less than the marginal cost to them of gathering the information.
d. because the welfare of the community is always perceived to be more important than the welfare of the individual.

Question 2

Suppose a U.S. importer purchases Mexican Oaxaca cheese for 500 . If the present exchange rate is Mexican peso (MXP) 10 per U.S. dollar, and the MXP appreciates 10 percent against the U.S. dollar between the date of purchase and the date of payment, then the peso value of the invoice when payment is due is:
a. MXP 500.
b. MXP 550.
c. MXP 4,500.
d. MXP 5,500.
e. MXP 4,450.