This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a good is produced up to the point where marginal social benefit equals marginal social cost, ... (Read 73 times)

schs14

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
If a good is produced up to the point where marginal social benefit equals marginal social cost, then:
 a. social welfare is maximized.
  b. the good is overproduced and the market is inefficient.
  c. firms are earning zero profits.
  d. all externalities have been eliminated.

Question 2

If the required reserve ratio is 10 percent and a bank receives a new deposit for 100,000 . then the:
 a. bank must keep 5,000 in excess reserves.
 b. bank's required reserves increase by 45,000.
  c. bank's liabilities increase by 100,000.
 d. bank can increase its loans by up to 50,000.
  e. bank can increase its loans by up to 400,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

manuelcastillo

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


schs14

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Wow, this really help

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

A taxonomy of primate social systems. Larger symbols indicate adults. A taxonomy of primate social systems. Larger symbols indicate adults.
Social Class and Religious Affiliation Social Class and Religious Affiliation
Responses Produced by Activation of Specific Opioid Receptors Responses Produced by Activation of Specific Opioid Receptors
Economic and Social Development Economic and Social Development
Cost Accounting: A Managerial Emphasis 16th Edition Cost Accounting: A Managerial Emphasis 16th Edition
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Polysaccharides

For a complete list of videos, visit our video library