According to your text, which of the following represents the largest source of tax receipts for the Federal government?

For a perfectly competitive firm, profit maximization occurs when

A) marginal revenue equals average total cost. B) marginal revenue equals marginal cost. C) marginal cost is equal to average total cost. D) average total cost is at its minimum.

To increase the money supply, the Fed might: a. increase the discount rate and sell bonds in the open market

b. decrease the reserve requirement and buy bonds in the open market. c. increase the reserve requirement and sell bonds in the open market. d. increase the discount rate and lower the reserve requirement. e. sell government securities and increase the discount rate.