A very high fixed cost and a relatively low marginal cost is associated with
A. an information product.
B. an experience good.
C. every type of good or product.
D. a persuasive good.
Answer: A
You might also like to view...
A normal production possibilities frontier has a
A. positive slope and is steeper near the horizontal axis than near the vertical axis. B. negative slope and is steeper near the horizontal axis than near the vertical axis. C. positive slope and is steeper near the vertical axis than near the horizontal axis. D. negative slope and is steeper near the vertical axis than near the horizontal axis. E. zero slope, and it does not touch the horizontal axis.
Increases in the quantity of money can start a ________ inflation and an increase in government expenditure can start a ________ inflation
A) demand-pull; cost-push B) cost-push; cost-push C) cost-push; demand-pull D) demand-pull; demand-pull E) None of the above is correct because increases in the quantity of money are necessary to continue an inflation but cannot start an inflation.
Which of following groups of countries are all advanced economies?
A) Australia, Brazil, and the United States B) Hong Kong, Japan, France, and the United Kingdom C) Italy, the United States, China, and Russia D) Singapore, Russia, France, and Chad E) Mexico, Canada, Germany, and Egypt
By April 2010
A) only about 10 percent of foreign exchange trades were against euros. B) only about 24 percent of foreign exchange trades were against euros. C) only about 39 percent of foreign exchange trades were against euros. D) only about 42 percent of foreign exchange trades were against euros. E) only about 60 percent of foreign exchange trades were against euros.