Author Question: The marginal benefit of acquiring additional information tends to a. be zero if the marginal cost ... (Read 114 times)

DelorasTo · **on:** Jun 30, 2018

The marginal benefit of acquiring additional information tends to
a. be zero if the marginal cost of information is zero
b. increase and then decrease as additional information is obtained
c. be smaller, the smaller the quantity of information the individual already has obtained
d. increase as additional information is obtained
e. decrease as additional information is obtained

Question 2

From 2006 through August 2011, the US dollar fell in value from 8 Chinese Yuan to 6.4 Chinese Yuan. During that time we would say that relative to the US dollar, the Yuan has appreciated in value.
a. True
b. False