Author Question: Economic information a. is usually scarce and costly to acquire b. is usually available free to ... (Read 55 times)

MirandaLo · **on:** Jul 1, 2018

Economic information
a. is usually scarce and costly to acquire
b. is usually available free to any decision maker
c. is usually not required for rational decision making
d. must be complete before any decision is made
e. is usually useful only to governments

Question 2

Rational economic decision makers will make a change only if
a. the change is free of risk
b. there are no costs involved
c. their expectations are correct
d. there is no uncertainty about the results of the change
e. the expected marginal benefit exceeds expected marginal cost