The Marginal Benefit of Acquiring Additional Information Tends to _____

question 182

Multiple Choice

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 very high for goods whose price dispersion is very small.
• D)be zero in the case of luxury goods.
• E)decrease as additional information is obtained.

---

Definitions:

Articles Of Organization

The document filed with a state authority to legally establish a limited liability company (LLC).

Business Run

An operation or series of operations involving the production, distribution, and sale of goods or services by a business.

Partnership Business

A form of business operation where two or more individuals share ownership, profits, and liabilities.

Audit Services

Professional services that review and verify the accuracy of financial records and statements of a corporation or organization to ensure truthfulness and compliance with accounting standards.