Why is information sometimes considered as a good?
In some ways information is a good like many others. It has value but is costly to obtain. For collecting valuable information individuals need to devote time.
Economics
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Refer to the table above. For which of the following choices is the marginal total cost the lowest?
A) Choosing factory Close over factory Far B) Choosing factory Far over factory Very Far C) Choosing factory Very Close over factory Close D) Choosing factory Close over factory Very Far
Economics
Which of the following is the most likely result of financial intermediaries?
A) increased funds available to borrowers B) higher transaction costs C) higher information costs D) lower information cost but higher transaction costs
Economics