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Author Question: Which of the following will become smaller and smaller as the firm expands output? a. average total ... (Read 70 times)

dbose

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  • Posts: 597
on: Jun 30, 2018
Which of the following will become smaller and smaller as the firm expands output?
 a. average total cost.
  b. average fixed cost .
  c. marginal cost.
  d. total fixed cost.

Question 2

According to Keynes, the adoption of an expansionary fiscal policy will cause:
 a. both equilibrium price level and equilibrium output to rise.
 b. equilibrium price level to rise and equilibrium output to fall.
 c. equilibrium price level to fall and equilibrium output to rise.
 d. both equilibrium price level and equilibrium output to fall.
 e. equilibrium price level to remain the same and equilibrium output to fall.


skipfourms123

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

b

Answer to Question 2

a


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