Question: A distinction between normal goods and information/knowledge is that A. Normal goods wear out, but information/knowledge does not B. Information/knowledge can be given or sold

A distinction between normal goods and information/knowledge is that

A. Normal goods wear out, but information/knowledge does not

B. Information/knowledge can be given or sold to many others

C. Information/knowledge is subject to diminishing returns, but physical outputs are subject to increasing returns

D. Both A and B

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Customization occurs when Select one: a. Products or services are world-class, suitable for most markets b. Products or services are offered on a made-to-order basis c. Products or services are...

Q:

Attached is Accounting assignment along side recommended readings to answer certain questions. Thank you Assignment 1 Problem 1 15 points Reading - W. L. Ferrara, Cost/Management Accounting: The 21st...

Q:

please help with below question as per the attached article on Using Supply Chain Analysis to Examine the Costs of NonTariff Measures (NTMs) : Michael J Ferrantino, WTO 1. Critically examine the...

Q:

Please help me to write a summary for attached article (about 900 words) Accounting Horizons Vol. 22, No. 4 2008 pp. 453-470 American Accounting Association DOI: 10.2308/acch.2008.22.4.453 On the...

Q:

6 | Consumer Choices Figure 6.1 Investment Choices Higher education is generally viewed as a good investment, if one can afford it, regardless of the state of the economy. (Credit: modification of...

Q:

UNIDAD 1 Which of the following statements describes macroeconomics? a.)It looks at how individuals and entities optimize the decisions they make. b.)It considers the behavior of individuals and...

Q:

Files 12:56 PM Mon May 16 25% Unit+2+workbook Q . . . Home Insert Draw Layout Review View Calibri Bold (Body) 36 B I U aAv A v Unit 2-Supply and Demand Name: HR: LAW OF SUPPLY Use the space below to...

Q:

Answer All the questions (a) The International Accounting Standards Board's framework for the presentation of financial statements prescribes for recognition of assets only when two conditions are...

Q:

Can you please solve these questions based on the reading I have attached. Thanks so much! :) 208 MARKETS. SUPPLY AND DEMAND 10.0 CHAPTER 10 LEARNING GOALS After reading this chapter you should be...

Q:

Can you please help me solve these 10 Econ questions? I also attached the chapter just in case. Thanks so much!! :) MARKETS AND HOW THEY WORK 177 9.0 CHAPTER 9 LEARNING GOALS After reading this...

Q:

Identify an existing company/organization as your case study. Study the current problems faced by the company/organization in their daily operations and propose a computerized system as a solution....

Q:

The voucher system requires that invoices be compared with receiving reports and express bills before a voucher is prepared and approved for payment. Which of the following irregularity could be...

Q:

ABC, Inc. is a C corporation that uses a fiscal year ending on March 3 1 , 2 0 2 4 . Assuming no axtansion was requested, ABC, Question 7 of 1 0 . lisc. must file Form 1 1 2 0 for this year by which...

Q:

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...