A loan contract that requires the borrower to keep a certain percentage of its assets in cash is an example of ________

A profit maximizing firm will hire additional workers until

A) the additional cost associated with hiring the last worker equals the average wage rate of the workers. B) the additional cost associated with hiring the last worker equals the additional revenue generated by that worker. C) the extra revenue generated by the last worker hired equals zero. D) the extra cost associated with hiring the last worker equals the price of the good produced.

Each of the following are characteristics of a typical indifference curve map except

a. moving northeast to a new indifference curve will increase utility. b. points on the same indifference curve yield equal utility. c. the axes represent levels of utility for each of the goods. d. indifference curves cannot cross.