The demand for money is downward sloping, because at higher interest rates
A) the opportunity cost of holding money is higher.
B) the opportunity cost of holding money is decreasing.
C) the opportunity cost of holding money is constant.
D) the opportunity cost of holding cash is lower.
A
Economics
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A) close to B) very different from C) the same as D) completely unrelated to
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The above figure shows a firm in monopolistic competition. At the profit maximizing level of output, excess capacity for the firm is equal to
A) 0 units per day. B) 4 units per day. C) 8 units per day. D) 16 units per day.
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