It is efficient to produce an additional shirt if the A) ...

[tuffie]

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

[bubulittle310@msn.cn]

Answer to Question 1

C

Answer to Question 2

A

[tuffie]

Great answer, keep it coming

[Sarahjh]

Thanks for the timely response, appreciate it