A very high fixed cost and a relatively low marginal cost is associated with
A) every type of good or product.
B) an information product.
C) a persuasive good.
D) an experience good.
Ans: B) an information product.
Economics
You might also like to view...
Have unions been successful at raising wages for their members? What about raising wages for all workers?
What will be an ideal response?
Economics
According to the Taylor rule, when real GDP is equal to potential GDP, and the inflation rate is equal to its target rate of two percent, the Federal funds rate should be:
A. 2 percent and this implies a real interest rate of 0 percent B. 2 percent and this implies a real interest rate of 4 percent C. 4 percent and this implies a real interest rate of 2 percent D. 4 percent and this implies a real interest rate of 4 percent
Economics