Before the deregulation of banks and other financial institutions in the 1980s, the Federal Reserve Board's Regulation Q regulated the interest rates on bank deposits and the interest rates charged on loans.
Indicate whether the statement is true or false
Question 2
If a firm's marginal revenue is greater than its marginal cost, then:
a. each added unit of output will reduce profits.
b. the firm is maximizing profit.
c. an increase in output will add more to revenue than to cost.
d. an increase in output will add more to cost than to revenue.
e. a fall in output will add more to revenue than to cost.
