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.
B
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A natural oligopoly can form
A) if there are economies of scale. B) only if firms sell a differentiated good. C) only if firms sell a homogeneous good. D) if there is only one firm in the industry.
Most economists - both liberals and conservatives - believe a balanced budget amendment is an ill-conceived idea.
A. True B. False C. Uncertain
If the discount rate increases
A) NPV does not change. B) NPV rises. C) NPV falls. D) investment also increases.
An increase in the price of a good would
a. decrease the demand for the good. b. decrease the quantity demanded for the good. c. increase the demand for the good. d. decrease the quantity supplied of the good.