This topic contains a solution. Click here to go to the answer

Author Question: If total cost is 1,000 when output is zero, and total cost is 1,200 when output is one, and total ... (Read 74 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
If total cost is 1,000 when output is zero, and total cost is 1,200 when output is one, and total cost is 1,500 when output is two, then which of the following is true?
 a. Total fixed cost is 1,500.
  b. The marginal cost of producing the first unit of output is 1,200.
  c. The marginal cost of producing the second unit of output is 300.
  d. The average fixed cost is 750 when two units of output are produced.

Question 2

Identify the correct statement.
 a. A budget deficit is a flow variable, while debt is a stock variable.
  b. A budget deficit is a stock variable, while debt is a flow variable.
  c. A budget deficit and debt are both stock variables.
 d. The budget deficit decreases when aggregate demand decreases.
  e. Debt increases when the budget deficit decreases.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brbarasa

  • Sr. Member
  • ****
  • Posts: 308
Answer to Question 1

c

Answer to Question 2

a




ahriuashd

  • Member
  • Posts: 535
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

For a complete list of videos, visit our video library