Which of the following must decline if there is a reserve deficiency in the banking system?

In the figure above, the marginal rate of substitution (MRS) at point A is equal to ________ pounds of pickles per pound of olives

A) 8 B) 6 C) 1 1/3 D) 2

Long-run economic profits would most likely exist in which market structure?

A) monopoly, monopolistic competition, and oligopoly B) monopoly and monopolistic competition C) monopoly only D) monopoly and oligopoly