In the figure above, the equilibrium market price is $20. $20 is the

A) marginal cost of the 150th unit.
B) willingness to pay for the 1st unit.
C) producer surplus.
D) consumer surplus.
E) deadweight loss.

A

Economics

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In the above figure, the economy is initially at point B. If the exchange rate falls, there is

A) a movement to point C. B) a movement to point A. C) a shift to AD2. D) a shift to AD1.

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Most transactions between large financial institutions in the United States are handled by

A) check. B) Fedwire. C) currency. D) ACH.

Economics