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Author Question: The marginal cost is the: a. b and c. b. change in total cost as the quantity changes by one unit. ... (Read 50 times)

genevieve1028

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on: Jun 30, 2018
The marginal cost is the:
 a. b and c.
  b. change in total cost as the quantity changes by one unit.
  c. change in total variable cost as the quantity changes by one unit.
  d. change in total fixed cost as the quantity changes by one unit.
  e. same as the fixed cost when average fixed cost is at a minimum.

Question 2

Suppose an economy is initially in equilibrium and there is a sudden increase in oil prices. Which of the following is the most likely result?
 a. Growth in real GDP
 b. Price stability
 c. Full employment output
  d. Stagflation
 e. Deflation


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xoxo123

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


genevieve1028

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

irishcancer18

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

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