This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: How is it possible for marginal cost to equal to the slope of either the total variable cost ... (Read 90 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
How is it possible for marginal cost to equal to the slope of either the total variable cost function or the total cost function?
 
  What will be an ideal response?

Question 2

A decrease in government spending will result in a decrease in the price level and a decrease in real GDP in the long run.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shaquita

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

The reason is that the total cost function is simply shifted up by the amount of total fixed costs from total variable costs. Since the slopes of both functions are the same it doesn't matter which one is used to calculate marginal cost.

Answer to Question 2

FALSE


brutforce

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

William A. Garnett, Erosion and Strip Farms, East Slope of the Tehachapi Mountains. William A. Garnett, Erosion and Strip Farms, East Slope of the Tehachapi Mountains.
Total radiative forcing ~1.63 Wm-2 Total radiative forcing ~1.63 Wm-2
Anglin's estimates of the total vocabulary of children in Grades 1, 3, and 5 Anglin's estimates of the total vocabulary of children in Grades 1, 3, and 5
Finding the length given total distance and distance longer than other point Finding the length given total distance and distance longer than other point
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
What is the total resistance of the circuit in Figure 1? 150 What is the total resistance of the circuit in Figure 1? 150
Video: Anaphylaxis Animation

For a complete list of videos, visit our video library