According to the Search Model, the Marginal Benefit of Acquiring

question 117

Multiple Choice

According to the search model, the marginal benefit of acquiring information about a product

• A)is greater for a doctor than a nurse's aide
• B)is the same for high-income consumers as for low-income consumers
• C)is greater for expensive items than for cheap items
• D)is greater for cheap items than for expensive items
• E)increases as more information is acquired

---

Definitions:

Secondary Analysis

An examination of data that have been collected by someone else.

Health Information

Data related to an individual's medical history, including diseases, treatments, and health conditions.

Evaluation Research

The process of determining whether a social intervention has produced the intended result (also known as program evaluation).

Social Programs

Government initiatives designed to provide public assistance in areas such as healthcare, education, and housing to improve the welfare of its citizens.