When the cost curves have U-shapes, at the point where marginal ...

[shenderson6]

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.

[aburgess]

Answer to Question 1

a

Answer to Question 2

a

[shenderson6]

Excellent

[Joy Chen]

Thanks for the timely response, appreciate it