Table 13.1XYZ Bank Balance SheetAssetsLiabilitiesTotal reserves$100,000Transactions accounts$400,000Loans300,000??Refer to Table 13.1. With a required reserve ratio of 12 percent, XYZ Bank would have excess reserves of
A. $100,000.
B. $48,000.
C. $12,000.
D. $52,000.
Answer: D
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A) at one price; at the same price B) low; high C) high: low D) none of the above
In Figure 5.2, at quantities larger than Q1 demand is:
A. inferior. B. elastic. C. inelastic. D. unit elastic.
Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. Micro Oven's average fixed costs of producing two units of output are
A. $150. B. $300. C. $450. D. indeterminate from this information.
Answer the following statements true (T) or false (F)
1. If the minimum efficient scale in an industry is smaller than the size of the market of that industry, then we would have a natural-monopoly situation. 2. The fundamental reason that newspapers have such high prices is the high production costs from diseconomies of scale. 3. "3-D printers" are capable of producing real output like chairs or machine parts using a computer-controlled special printer at low cost even if you produce only one unit of output. 4. If start-up firms can quickly shift the short-run cost curves up and to the left, they would improve their chances of becoming profitable.