Reservation price is: a. the maximum amount a customer would be ...

[jasdeep_brar]

Reservation price is:
 a. the maximum amount a customer would be willing to pay for a unit of output.
  b. the minimum price at which a seller would be willing to supply the product.
  c. always equal to the marginal cost.
 d. the same as market price.

Question 2

The focal point of the Bretton Woods system was the:
 a. Great Britain pound.
  b. institution of special drawing rights.
  c. U.S. dollar.
  d. gold reserve.
  e. management of commodity money.

[miss.ashley]

Answer to Question 1

a

Answer to Question 2

c

[jasdeep_brar]

Thanks for the timely response, appreciate it

[elyse44]

Great answer, keep it coming