Author Question: When the cost curves have U-shapes, at the point where marginal cost equals average total cost: a. ... (Read 171 times)

shenderson6 · **on:** Jun 30, 2018

When the cost curves have U-shapes, at the point where marginal cost equals average total cost:
a. b and c.
b. marginal cost is rising.
c. average total cost is at its minimum.
d. average variable cost is falling.
e. the fixed cost has been fully depreciated.

Question 2

On a graph showing the aggregate demand and aggregate supply curves, stagflation can be represented by a:
a. leftward shift of the aggregate supply curve.
b. rightward shift of the aggregate supply curve.
c. upward movement along the aggregate supply curve.
d. rightward shift of the aggregate demand curve.
e. upward movement along the aggregate demand curve.