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Author Question: Why is information sometimes considered as a good?[br][br][b][color=#A83E49]Question ... (Read 44 times)

Zoey63294

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on: Jun 30, 2018
Why is information sometimes considered as a good?

Question 2

With an increase in income, the consumer will maximize utility on a new indifference curve that represents a higher level of utility.
 a. True
  b. False
  Indicate whether the statement is true or false


shaquita

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Reply #1 on: Jun 30, 2018
Answer to Question 1

In some ways information is a good like many others. It has value but is costly to obtain. For collecting valuable information individuals need to devote time.

Answer to Question 2

True


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