If the cost of acquiring more information outweighs the benefit of having more information about a...
If the cost of acquiring more information outweighs the benefit of having more information about a good, then we can predict
Homework Answers
Cost of acquiring information is more than the benefit one gets from the information, then one can predict that the information is not worth wasting time on.
The cost of the good might also reduce in future as the information gets passed on that the good is expensive and not worth the time spent on, thereby reducing the demand for it. Cheaper alternatives might come in place for the good whose information is easily available and whose cost is less.
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If the cost of acquiring more information outweighs the benefit
of having more information about a...
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