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Author Question: What is an informational cascade? A) An excess flow of market information that makes it difficult ... (Read 89 times)

misspop

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on: Jul 1, 2018
What is an informational cascade?
 
  A) An excess flow of market information that makes it difficult for an investor to form a rational decision.
  B) A continual decline in the quality of market information from public sources due to sequential budget cuts.
  C) A continual increase in the quality of market information from public sources due to broader use of the internet by market participants.
  D) A sequence of decisions based on the actions of others rather than fundamental information.

Question 2

See Scenario 4.1. What is Daniel's budget constraint?
 
  A) 240 = 3Pc + 3Pd
  B) 240 = 3Qc + 3Qd
  C) 240 = (Pc)(Qc)
  D) 240 = (Qc)(Qd)
  E) none of the above


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kaylee05

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

D

Answer to Question 2

B


misspop

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Reply 2 on: Jul 1, 2018
Excellent

bigcheese9

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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