In general, if a firm is producing at a level at which its expected marginal revenue is ________ its expected marginal cost, it should ________ production to maximize ________.

A) more than; increase; actual profit
B) less than; decrease; expected profit
C) more than; decrease; expected profit
D) less than; increase; expected profit

B) less than; decrease; expected profit

Economics

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Cash assets of a commercial bank consist of

A) notes and coins in the bank's vault, a deposit account at the Fed and loans to other banks. B) notes and coins in the bank's vault , a deposit account at the Fed and any gold held for the bank at Fort Knox. C) vault cash, a deposit account at the Fed and the bank's stock holdings. D) vault cash, a deposit account at the Fed and the value of its depositors' accounts.

Economics

Under the Articles of Confederation,

a. only the federal government could issue paper money. b. only the federal government had the power to levy taxes. c. the federal government was ultimately responsible any debts incurred by the states. d. the federal government had a difficult time negotiating military and economic treaties with other nations. e. All of the above.

Economics