Average total cost for an information product would
A) first decrease and then increase as quantity increases.
B) increase constantly as quantity increases.
C) decrease constantly as quantity increases.
D) remain constant as quantity increases.
Answer: C
You might also like to view...
Based on the table "Real and Nominal GDP," if year one is the base year, then the inflation rate in year three is ________
A) 14.6% B) 9.5% C) 9.9% D) 11.5% E) 16.5%
In relatively poor economies, modest expenditures on public health (immunization of children) can produce large improvements
What does this imply about the accuracy of the growth rate of real GDP as a measure of national well-being? How is the situation different in rich economies?
Consistent with the mercantilist theory, the colonies had
(a) a trade deficit with England. (b) a trade surplus with England. (c) a balance of trade with England. (d) about an equal number of annual trade deficits and surpluses over the years.
What are the three most important factors of production?