The reservation value of a seller reflects her ________
A) willingness to pay for using a resource
B) marginal cost
C) marginal revenue
D) total cost
B
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If a bank needs to acquire funds quickly to meet an unexpected deposit outflow, the bank could
A) borrow from another bank in the federal funds market. B) buy U.S. Treasury bills. C) increase loans. D) buy corporate bonds.
Which of the following represents the resource supply curve faced by a firm that hires resources in a perfectly competitive resource market?
a. its ATC curve b. its AVC curve c. its MRP curve d. its MRC curve e. its AFC curve
By selecting a bundle where MRS = MRT, the consumer is saying
A) "I value my last unit of each good equally." B) "I am willing to trade one good for the other at the same rate that I am required to do so." C) "I will equate the amounts spent on all goods consumed." D) All of the above.
Which of the following help to correct for the market failure of imperfect information?
A. used car warranties B. medical licensing C. truth-in-advertising regulations D. All of the above are correct.