A depositor cannot directly write checks against:
a. demand deposits
b. transaction deposits.
c. nontransaction deposits.
d. money market mutual fund accounts.
c
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Suppose the Busy Bee Café is the monopoly producer of hamburgers in Hugo, Oklahoma. The above figure represents the demand, marginal revenue, and marginal cost curves for this establishment
What price will the Busy Bee charge to maximize its profit? A) $5.00 for a hamburger B) $3.00 for a hamburger C) $2.00 for a hamburger D) $1.00 for a hamburger E) $4.00 for a hamburger
The opportunity cost of providing a public good to an additional individual is
A) infinite. B) zero. C) impossible to determine. D) high because of the exclusion principle.
A characteristic of outsourcing is
a. completely unrelated to vertical integration b. likely to be profitable exactly when vertical integration is profitable c. it prevents a firm from focusing on its core competencies d. can allow for the exploitation of differing degrees of economies of scale at different points in the supply chain
Each of the following are characteristics of an indifference map graph except
a. moving northeast to a new indifference curve will increase utility b. points on the same indifference curve yield equal utility c. the axes represent levels of utility d. it does not represent aggregate market behavior e. indifference curves do not intersect each other