A firm's additional costs for producing each additional unit of its product are essentially zero.The best term for describing the firm's product is that it is:
A)A Giffen good.
B)A normal good.
C)A scalable product.
D)An inferior good.

Question

Quizplus · Accepted Answer

A product whose additional costs for producing each additional unit are essentially zero is known as a scalable product. This is because the firm can easily and efficiently expand production without incurring additional costs.

A Firm's Additional Costs for Producing Each Additional Unit of Its