Author Question: Rational ignorance means A) ignorance is rationed. B) the benefit from some information is not ... (Read 139 times)

formula1

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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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Answer to Question 1

B

Answer to Question 2

D



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