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Author Question: The most widely used medium of exchange in the United States in terms of value of transactions is ... (Read 57 times)

mydiamond

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on: Jun 29, 2018
The most widely used medium of exchange in the United States in terms of value of transactions is
 
  A) checkable deposits.
  B) credit cards.
  C) currency and coin.
  D) Federal Reserve notes.

Question 2

Which of the following relationships correctly identifies the profit maximization condition of a firm in a perfectly competitive market?
 
  A) Marginal cost < Price = Marginal revenue
  B) Marginal cost > Price = Marginal revenue
  C) Marginal cost = Price = Marginal revenue
  D) Marginal cost = Price < Marginal revenue


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jackie

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

A

Answer to Question 2

C


mydiamond

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

bdobbins

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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