How can a monopolist identify the profit-maximizing level of output if it knows its marginal revenue and marginal costs?
A. The profit-maximizing level of output will be where marginal cost is greatest over marginal revenue
B. The profit-maximizing level of output will be where marginal revenue is greatest over marginal cost
C. The profit-maximizing level of output will be where marginal revenue intersects marginal cost
D. Cannot be determined
C. The profit-maximizing level of output will be where marginal revenue intersects marginal cost
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The commercial banks in Lendland have
Reserves $400 million Loans $3,600 million Deposits $4,000 million Total assets $4,600 million The banks hold no excess reserves. a) Calculate the banks' reserve ratio. b) An immigrant arrives in Lendland with $5 million, which he deposits in a bank. How much does the immigrant's bank lend initially?
________ in the foreign interest rate causes the demand for domestic assets to decrease and the domestic currency to ________, everything else held constant
A) An increase; appreciate B) An increase; depreciate C) A decrease; appreciate D) A decrease; depreciate
By definition, when the economy is in equilibrium it must be true that
A) leakages equal injections. B) saving equals investment. C) government spending equals taxes. D) exports equal imports.
The ozone layer:
a. protects us from ultraviolet rays which can cause cancer and blindness. b. has been damaged as a result of the Montreal Protocol. c. has been damaged as a result of the ban on CFCs. d. is another term for the greenhouse effect.