An information product typically has
A) high total fixed costs and high marginal costs.
B) low total fixed costs and low marginal costs.
C) low total fixed costs and high marginal costs.
D) high total fixed costs and low marginal costs.
D
Economics
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Which of the following statements best describes an inferior good?
A) An inferior good is a good whose quantity supplied always exceeds the quantity demanded. B) An inferior good is a good whose demand decreases with an increase in consumers' income. C) An inferior good is a good that is sold at a subsidized price. D) An inferior good is a good that is rationed by the government.
Economics
Bonds that pay no periodic (annual) interest are
A) zero-coupon bonds. B) coupon securities. C) perpetuities. D) tax-exempts.
Economics