The First Unit of an Information Product Is Produced at a High

question 286

Multiple Choice

The first unit of an information product is produced at a high fixed cost. Producing additional units entails relatively

• A) high average variable cost.
• B) low marginal cost.
• C) low external cost.
• D) high social cost.

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Definitions:

Radio

A technology that uses electromagnetic waves to transmit or receive sound and other types of data over long distances without wires.

Satellite

An artificial body placed in orbit around the earth or another planet in order to collect information or for communication.

Fiber

Fiber, in the context of telecommunications, refers to fiber optic technology, which uses glass or plastic fibers to transmit data at high speeds over long distances.

Wi-Fi Hotspot

A physical location where people can access the internet, usually wireless, via a wireless local area network (WLAN) with a router connected to an internet service provider.