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Author Question: An engineer has informed the city manager that the marginal cost of an additional car crossing the ... (Read 66 times)

CharlieWard

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on: Jun 29, 2018
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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Reply #1 on: Jun 29, 2018
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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