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    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 14: Transaction Costs, Imperfect Information, and Behavioral Economics
  5. Question
    Exhibit 14-3 Jira Is Searching for a Big Screen
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Exhibit 14-3 Jira Is Searching for a Big Screen

Question 1

Question 1

Multiple Choice

Exhibit 14-3 Exhibit 14-3   Jira is searching for a big screen television.Exhibit 14-3 shows her marginal cost and marginal benefit from searching for the television.How many minutes should she search? A) 0 minutes B) 5 minutes C) 15 minutes D) 40 minutes E) cannot tell from the information given Jira is searching for a big screen television.Exhibit 14-3 shows her marginal cost and marginal benefit from searching for the television.How many minutes should she search?


A) 0 minutes
B) 5 minutes
C) 15 minutes
D) 40 minutes
E) cannot tell from the information given

Correct Answer:

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