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Author Question: Rational ignorance means A) ignorance is rationed. B) the benefit from some information is not ... (Read 136 times)

formula1

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on: Jun 29, 2018
Rational ignorance means
 
  A) ignorance is rationed.
  B) the benefit from some information is not worth the cost of collecting it.
  C) some people do not understand rationality.
  D) the information is unavailable.

Question 2

The figure above shows a consumer is indifferent between points
 
  A) d and c.
  B) a, b, c, d, and e.
  C) e and d.
  D) b and a.


vseab

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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