information goods tend to have a ________ intial cost and a ________ marginal cost
information goods tend to have a ________ intial cost and a ________ marginal cost
Homework Answers
Information goods are those type of goods which generally had information
Like for example games, design, tangible or nontangible, etc.
The initial cost for the setting is very high because they have to develop a design system which requires a lot of money and labor but the variable cost for the operation is negligible which also lowers the marginal cost
For example, suppose a web designing company designs a software.
so in the initial stage, it has to go through many development and technology.
They need to spend many dollars for developing each version of the operating system but after the first copy the marginal cost for next is reducing a or almost negligible
So the answer is high ; very low.
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information goods tend to have a ________ intial cost
and a ________ marginal cost
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