Author Question: It is efficient to produce an additional shirt if the A) marginal social benefit of producing the ... (Read 187 times)

tuffie · **on:** Jun 29, 2018

It is efficient to produce an additional shirt if the

A) marginal social benefit of producing the shirt is greater than zero.
B) marginal social benefit of producing the shirt is zero.
C) marginal social benefit of producing the shirt is greater than the marginal social cost of producing it.
D) total social benefit from producing shirts is maximized.

Question 2

The above table gives the initial balance sheet for Mini Bank. If the bank's desired reserve ratio is 10 percent, how much does this bank have in excess reserves?

A) 60
B) 90
C) 40
D) 10