The change in total cost that results from the production of one ...

[Shelles]

The change in total cost that results from the production of one additional unit is called:
 a. marginal revenue.
  b. average variable cost.
  c. marginal cost.
  d. average total cost.

Question 2

In the 1960s, government policy makers believed that they could:
 a. stabilize the economy by letting the market system solve all problems.
  b. reduce unemployment by running federal budget surpluses.
 c. eliminate government's role in stabilization policy.
 d. use changes in the money supply to virtually eliminate business cycles.
  e. use taxation and government spending to fine-tune the economy.

[sierrahalpin]

Answer to Question 1

c

Answer to Question 2

e