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Author Question: The above figure shows Dana's marginal benefit curve for ice cream. If the price of ice cream is 2 ... (Read 68 times)

brutforce

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on: Jun 29, 2018
The above figure shows Dana's marginal benefit curve for ice cream. If the price of ice cream is 2 per gallon and Dana is allowed to buy only 8 gallons of ice cream, then her consumer surplus on the 8th gallon is
 
  A) 1.
  B) 2.
  C) 3.
  D) 8.

Question 2

The required reserve ratio
 
  A) is the amount of money that banks require borrowers to reserve in their accounts.
  B) is the fraction of a bank's total deposits that is required to be held in reserves.
  C) increases when withdrawals from a bank are made.
  D) is higher for banks that make riskier loans.


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asdfghjkl;

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


brutforce

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

gcook

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Reply 3 on: Yesterday
Excellent

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