An individual will not choose to acquire all available information be – McqOptions

MCQOPTIONS

1.	An individual will not choose to acquire all available information because
A.	that would maximize utility given his or her budget constraint.
B.	that would violate the assumption of risk aversion.
C.	there are increasing returns to additional information.
D.	there are decreasing marginal costs to acquiring information.
Answer» B. that would violate the assumption of risk aversion.

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