In the balance sheet for the FBN bank above, the entries are in millions of dollars.. After FBN Bank loans the maximum amount it can, the loans have been spent, and the proceeds have been deposited in other banks, FBN Bank has excess reserves of
A) $360 million.
B) $280 million.
C) $100 million.
D) $0.
D
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Exhibit 30-3 Costs of Eliminating:Firm A Firm B Firm C 1st ton of pollution$ 30 $ 50 $ 600 2nd ton of pollution$ 70 $ 90 $ 700 3rd ton of pollution$125 $150 $ 900 4th ton of pollution$200 $250 $1,300 Refer to Exhibit 30-3. What is the cost to Firm B of eliminating 2 tons of pollution?
A. $350 B. $250 C. $300 D. $140 E. $540
As actual output falls below the potential level in the short run, which of the following is most likely to occur? a. More resources will become unemployed. b. The price level will increase
c. Real GDP will increase. d. Nominal GDP will remain constant. e. The natural rate of unemployment will fall.
Which of the following is an accurate statement about perfectly competitive markets?
a. They have numerous small suppliers. b. They have a few large suppliers. c. They have few small suppliers. d. They have about the same number of small and large suppliers.
Figure 9-1 shows the marginal cost and average total cost curves for a perfectly competitive firm. If the market price is $10, then
a.
the firm earns $10 profit on each unit sold
b.
the firm earns $8 profit on each unit sold
c.
marginal revenue equals $10
d.
the firm is losing money in the short run
e.
marginal cost always equals marginal revenue