« previous next »

Author Question: Private information is a situation in which A) two parties to an exchange have information that ... (Read 62 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?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
The medical assistant reviews the PDR for information related to a drug. The medical assistant reviews the PDR for information related to a drug.
Fluency with Information Technology: Skills, Concepts, and Capabilities Fluency with Information Technology: Skills, Concepts, and Capabilities
The flow of genetic information The flow of genetic information
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 ...
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: Fermentation pathways

For a complete list of videos, visit our video library