Exhibit 7-3 Cost per unit curves
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In Exhibit 7-3, if the price of the firm's product is $2.00 per unit, the firm will produce:
A. 5 units per day.
B. 10 units per day.
C. 15 units per day.
D. 20 units per day.
Answer: C
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Refer to Scenario 25-2. As a result of Kristy's deposit, checking account deposits in the banking system as a whole (including the original deposit) could eventually increase up to a maximum of
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A. $0. B. $20. C. $25. D. $50.