The FHLBS gives loans to S&Ls and thus performs a function similar to the ________ for commercial banks

A) Federal Reserve
B) U.S. Treasury
C) Office of the Comptroller of the Currency
D) U.S. Mint

A

Economics

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If the demand elasticity for a product is -2, and a profit-maximizing firm sells the product for $10, its marginal cost must be

A) $5. B) $10. C) $15. D) $8.

Economics

The reason firms often choose sales maximization as a goal is because

a. that is where profits are maximized. b. it is impossible to maximize profits. c. firms are managed and owned by different groups of people with different goals. d. owners believe setting price/output to maximize profits is unfair to consumers.

Economics