A Network Good's

question 60

Multiple Choice

A network good's:

• A) consumption increases as income decreases.
• B) value to one consumer increases the more that other consumers use the good.
• C) allure derives from its low fixed costs and high marginal costs.
• D) existence is made possible by the Internet.

---

Definitions:

Final Value

The value of an investment at the end of its period of consideration, taking into account factors such as compound interest or market price fluctuations.

Formula

A mathematical rule or principle expressed in symbols and numbers used to calculate or solve problems.

Collect Like Terms

The process of simplifying an algebraic expression by combining terms that have the same variable raised to the same power.

Operation Indicated

The process of performing the mathematical operation suggested by a given situation or problem.