If the first copy cost of a music video is $223,000 and the marginal cost is $0, how much total cost would the firm incur if it produces 1 million copies?
A. zero
B. $223,000
C. $1 million
D. $1 million + $223,000
Answer: B
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A. the excess reserves of member banks are increased B. a single commercial bank can no longer lend dollar-for-dollar with its excess reserves C. required reserves are changed into excess reserves D. the excess reserves of member banks are reduced
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What will be an ideal response?
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The Fed purchases German bonds from commercial banks. Which of the following best describes the impact on the Fed's and the Banking System's balance sheets resulting from this transaction?
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