Author Question: A firm estimates that when output is 10, its total costs are 900 . It also finds that when output is ... (Read 77 times)

Zulu123 · **on:** Jun 30, 2018

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.