If people never withdrew money, how much money could the banking system create given a new amount of deposits, assuming that excess reserves were zero?

Suppose a bank has $8 million in deposits and a reserve ratio of 20 percent. Its required reserves are

A) $40,000. B) $400,000. C) $1,600,000. D) $16,000,000.

The table above shows a total product schedule. Suppose that labor costs $20 per worker and fixed costs are $60. The average total cost of producing 80 units equals ________ per unit

A) $0.75 B) $1.00 C) $1.75 D) $60 E) $0.25