The interest rate that commercial banks charge each other for very short-term loans is called the:

Refer to Scenario 11.1. How much would Mariana expect to pay each landowner for his or her land?

A) $200,000 B) $400,000 C) $600,000 D) $3 million

If the average total cost of producing 2 pounds of cheese is $4 and the average total cost of producing 3 pounds of cheese is $4.2, then the marginal cost of producing third pound of cheese is equal to:

a. $4.2. b. $8. c. $4.5. d. $4.6. e. $4.1.