Author Question: An engineer has informed the city manager that the marginal cost of an additional car crossing the ... (Read 55 times)

CharlieWard

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An engineer has informed the city manager that the marginal cost of an additional car crossing the city bridge is zero? If you were required to draw this cost function on a graph what would it look like? What is the slope of this graph?
 
  What will be an ideal response?

Question 2

The Fed can simultaneously reduce the inflation rate and stimulate growth through lowering interest rates.
 
  Indicate whether the statement is true or false



Anna

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Answer to Question 1

The graphs would be a horizontal line at a cost of 0 . The slope of the line is also zero since the cost of additional cars traveling on it don't change.

Answer to Question 2

FALSE



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