If the First Copy Cost of a Music Video Is

question 46

Multiple Choice

If the first copy cost of a music video is $223,000 and the marginal cost is $0, then as the firm produces an infinite quantity of the video, the average total cost of producing the video will approach

• A) zero.
• B) $1.00.
• C) $2,230.
• D) $1 million.

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