Author Question: Reservation price is: a. the maximum amount a customer would be willing to pay for a unit of ... (Read 81 times)

jasdeep_brar · **on:** Jun 30, 2018

Reservation price is:
a. the maximum amount a customer would be willing to pay for a unit of output.
b. the minimum price at which a seller would be willing to supply the product.
c. always equal to the marginal cost.
d. the same as market price.

Question 2

The focal point of the Bretton Woods system was the:
a. Great Britain pound.
b. institution of special drawing rights.
c. U.S. dollar.
d. gold reserve.
e. management of commodity money.