This topic contains a solution. Click here to go to the answer

Author Question: The above figure shows Dana's marginal benefit curve for ice cream. If the price of ice cream is 2 ... (Read 86 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

asdfghjkl;

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

A

Answer to Question 2

B




brutforce

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

For a complete list of videos, visit our video library