An engineer has informed the city manager that the marginal cost of an additional car crossing the city bridge is zero? If you were required to draw this cost function on a graph what would it look like? What is the slope of this graph?
What will be an ideal response?
The graphs would be a horizontal line at a cost of $0 . The slope of the line is also zero since the cost of additional cars traveling on it don't change.
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All else being equal, if the law of supply states that as the price of a good, service, or resource rises
A. the quantity supplied will decrease, which explains the shape of the supply curve. B. the quantity demanded will decrease, which explains the shape of the supply curve. C. the quantity supplied will increase, which explains the shape of the supply curve. D. the quantity demanded will increase, which explains the shape of the supply curve.
What is the significance of the mutual interdependence among the firms in an oligopolistic market?
What will be an ideal response?
Explain how a diversified portfolio can reduce fluctuations in returns even when the economy as a whole is experiencing contractions and expansions
___ AKA ___ lacks direct, interpersonal contact between the sender and receiver
Fill in the blank(s) with the appropriate word(s).