Author Question: Which of the following represents the marginal cost of a soda? I. The opportunity cost of producing ... (Read 121 times)

CBme · **on:** Jun 29, 2018

Which of the following represents the marginal cost of a soda? I. The opportunity cost of producing another soda. II. The minimum price someone is willing to pay for another soda.

A) I only
B) II only
C) I and II
D) Neither I nor II

Question 2

An open market operation occurs when ________ buys or sells securities ________.

A) the Federal Reserve System; from or to the federal government
B) the Federal Reserve System; in the open market
C) a commercial bank; from or to the federal government
D) a commercial bank; from or to the public