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

Author Question: Economists generally believe that a. buyers and sellers have all the information they can use b. ... (Read 31 times)

MGLQZ

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
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
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


MGLQZ

  • Member
  • Posts: 579
Reply 2 on: Jul 1, 2018
Wow, this really help

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
The flow of information in a eukaryotic cell The flow of information in a eukaryotic cell
The information coded in DNA The information coded in DNA
Older participants remember more information than younger participants when material has emotional ... Older participants remember more information than younger participants when material has emotional ...
The Food Label Provides Valuable Consumer Information Manufacturers must adhere to strict labeling The Food Label Provides Valuable Consumer Information Manufacturers must adhere to strict labeling
8.The following table contains DNA-sequence information compiled by Marilyn Kozak (1987). The ... 8.The following table contains DNA-sequence information compiled by Marilyn Kozak (1987). The ...
Video: Reflex arc construction

For a complete list of videos, visit our video library