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 75 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 :)


kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

For a complete list of videos, visit our video library