This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the long run, a firm should exit when: A) price is less than average total cost. B) price is ... (Read 51 times)

amal

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
In the long run, a firm should exit when:
 
  A) price is less than average total cost.
  B) price is equal to average total cost.
  C) price is equal to marginal cost.
  D) price is more than marginal cost.

Question 2

Suppose Marquette Bank and Trust has 10 million in total deposits and the required reserve ratio is 7. How many dollars must the bank keep in its vaults or on deposit at a Federal Reserve Bank?
 
  A) 9.3 million
  B) 7 million
  C) 930,000
  D) 700,000
  E) None of the aboveit's the bank's own choice.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bbburns21

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


amal

  • Member
  • Posts: 572
Reply 2 on: Jun 29, 2018
Excellent

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz
During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri
long bone long bone
Average Global Temperature Rise over the Past Century Average Global Temperature Rise over the Past Century
Endochondral ossification of long bone. Endochondral ossification of long bone.
Average Number of Days per Year with Thunderstorms Average Number of Days per Year with Thunderstorms
Video: Effect of the environment on coat color in the Himalayan rabbit Animation

For a complete list of videos, visit our video library