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Author Question: At the current quantity of table saws, the marginal social cost is more than the marginal social ... (Read 34 times)

schs14

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on: Jun 29, 2018
At the current quantity of table saws, the marginal social cost is more than the marginal social benefit. Then
 
  A) production of table saws should be decreased to reach the efficient level.
  B) production of table saws should be increased to reach the efficient level.
  C) production of table saws is currently at the efficient level.
  D) producer surplus will be larger than consumer surplus.

Question 2

A bank has no excess reserves. Then it receives a new deposit for 100,000. If it has a desired reserve ratio of 20 percent, by how much can it increase its loans?
 
  A) 20,000
  B) 80,000
  C) 120,000
  D) 180,000


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nikmaaacs

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


schs14

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Missbam101

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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