Jason needs help getting ready for the next test in his economics course and would like to hire Maria, an economics tutor to help him.
Jason is willing to pay 30 for the first hour of tutoring, 25 for the second, 20 for the third, 15 for the fourth, and 10 for the fifth. The equilibrium price for tutoring is 15 per hour. For how many hours of tutoring will Jason hire Maria? Why this amount of hours? What is Jason's consumer surplus, if any, from the tutoring? What is Maria's consumer surplus from the tutoring?
Question 2
If actual reserves are 100 when deposits are 400, then definitely the desired reserve ratio is 0.25.
Indicate whether the statement is true or false
Weber's Test
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economics
Economics question