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Author Question: A firm estimates that when output is 10, its total costs are 900 . It also finds that when output is ... (Read 94 times)

Zulu123

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A firm estimates that when output is 10, its total costs are 900 . It also finds that when output is 11, its total costs are 920 . The marginal cost of the eleventh unit of output is:
 a. 1.
  b. 20.
  c. 90.
  d. 900.
  e. 920.

Question 2

In combating stagflation, a government-induced:
 a. increase in aggregate demand would help reduce inflation but aggravate unemployment.
  b. decrease in aggregate demand would help reduce unemployment but aggravate inflation.
  c. increase in aggregate demand would help reduce unemployment but aggravate inflation.
  d. decrease in aggregate demand would help reduce both unemployment and inflation.
  e. increase in aggregate demand would help reduce both unemployment and inflation.



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ally

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Answer to Question 1

b

Answer to Question 2

c




Zulu123

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


softEldritch

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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