If a firm is minimizing the cost of producing its chosen level of output, the marginal product of the last dollar spent on each input should be equal
Indicate whether the statement is true or false
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Bans are applied to:
A. common-resource problems. B. reduce the inefficiency created by overuse. C. situations where the optimal quantity of consumption is zero. D. All of these statements are true.
The fact that there is a market for federal funds enables banks to:
A. hold a lower level of excess reserves than they would otherwise hold. B. hold less in required reserves. C. borrow more from the Fed. D. make fewer loans than they would otherwise.
technology
What will be an ideal response?
If prices in the economy rise, then
A) the purchasing power of a dollar rises. B) the purchasing power of a dollar stays constant. C) the purchasing power of a dollar declines. D) the purchasing power of a dollar cannot be determined.