Suppose the currency drain ratio is 33.33 percent and the desired reserve ratio is 10 percent. The money multiplier equals

A natural monopoly's average cost curve i. intersects the demand curve while the average cost curve slopes downward

ii. reaches its minimum before it intersects the demand curve. iii. intersects the demand curve below the intersection of the marginal cost curve and the demand curve. A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii

Which of the following addresses agency costs?

a. advertising for employee positions in as many outlets as possible b. hiring only from job fairs c. spot checks of the quality of employee work d. reducing the number of holidays