Rational Ignorance Is the Decision NOT to

question 59

Multiple Choice

Rational ignorance is the decision NOT to

• A) acquire information because the marginal cost of doing so equals the expected marginal benefit.
• B) follow the principle of minimum differentiation.
• C) acquire information because the marginal cost of doing so exceeds the expected marginal benefit.
• D) acquire information because the marginal benefit of doing so exceeds the marginal cost.
• E) vote in elections.