Author Question: Which of the following is considered to be a cost of information? a. The price of the commodity for ... (Read 89 times)

cmoore54 · **on:** Jun 30, 2018

Which of the following is considered to be a cost of information?
a. The price of the commodity for which information is collected.
b. The time spent to collect the information.
c. The difference in price charged by different sellers for the same commodity.
d. The difference in price paid by different buyers for the same commodity.

Question 2

Utility is easy to measure in the real world with recent advances in psychometric technology.
a. True
b. False
Indicate whether the statement is true or false