Author Question: An information is beneficial to the decision-maker only when: a. its marginal cost is zero. b. its ... (Read 51 times)

mcmcdaniel

  • Hero Member
  • *****
  • Posts: 550
An information is beneficial to the decision-maker only when:
 a. its marginal cost is zero.
  b. its marginal benefits exceeds its marginal cost.
  c. the possibility of inaccurate transmission is nullified.
  d. its marginal benefit is positive.

Question 2

Any point inside the production possibilities frontier is called
 A) full employment.
  B) unemployment.
  C) efficient.
  D) unobtainable.



meryzewe

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

For a complete list of videos, visit our video library