Suppose a bank has $200 million in checking account deposits with no excess reserves and the required reserve ratio is 15%. If the Fed reduces the required reserve ratio to 10%, the bank will now have excess reserves of

In general, the quantity that maximizes revenue for the monopolist

A) is greater than the quantity that maximizes profit. B) is less than the quantity that maximizes profit. C) is the same as the quantity that maximizes profit. D) is illegal according to anti-trust statutes.

The short-run equilibrium of the firm under monopolistic competition has excess capacity

a. True b. False Indicate whether the statement is true or false