--%>
Assignment Help - homework help

Problem regarding Rational Ignorance

Whenever decision makers select not to pursue further information as the expected reward for the searching for it does not surpass its expected cost, the outcome is: (1) Adverse choice. (2) Consumer exploitation. (3) Unintended effects. (4) Asymmetric information. (5) Rational ignorance.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Deter entry from potential competitors

    A firm along with important market power which builds an additional plant to increase excess capacity may be trying to as: (w) ignore a depletion of inventory. (x) deter entry from potential competitors. (y) increase demand and thus raise price and pr

    		•
  • Q : Define break-even price Break-even

    Break-even price: This is the price at which firms form zero normal profit.

    		•
  • Q : Arising of perfect price discrimination

    Perfect price discrimination would arise when a firm: (1) extracted full consumer surpluses from its customers. (2) permitted monopolistic customers quantity discounts. (3) redistributed real income among consumers. (4) inefficiently allocated its res

    		•
  • Q : Supply of curve in the short run I have

    I have a problem in economics on Supply of curve in the short run. Please help me in the following question. The supply curve of milk would shift in the short-run in response to the modification in: (i) Price of the milk. (ii) Demand for the milk. (iii) Numbers and si

    		•
  • Q : Excess demand for commodity When do we

    When do we state that there is an excess demand for a commodity in the market?

    		•
  • Q : Synonym of Word Inequity Of the given,

    Of the given, the closest synonym for the word inequity is: (w) inequality. (x) disproportional. (y) unfairness. (z) regressivity. Can someone explain/help me with best solution about problem of Economics

    		•
  • Q : Critics of current welfare programs

    Critics of current welfare programs who desire the welfare system scaled down tend to argue which welfare reform should give: (1) whatever this takes to lift all people out of poverty. (2) poor people with incentives to work. (3) nothing; there should

    		•
  • Q : Thought of economists for law of equal

    Explain different thought of economists for law of equivalent marginal advantage.

    		•
  • Q : Break Even Income A marginal tax rate

    A marginal tax rate of 50 percent and an income floor of $6,500 yield a break even income of: (w) $3,250. (x) $6,500. (y) $9,750. (z) $13,000. I need a good answer on the topic of Economics

    		•
  • Q : Wages for workers and economic rent The

    The monthly check which you pay to your landlord shows: (w) interest for use of the landlord’s capital, and wages for maintenance workers, economic rent depends on the location and amount of land as well as perhaps, several economic profit (when there is any mon

    		•