Banks try to keep their excess reserves at a maximum in order to maximize profits

The above figure shows the U.S. market for wheat. When there is no international trade, consumer surplus is equal to ________

A) area A + area B + area C B) area A C) area E + area F D) area B + area C + area D E) area A + area B + area C + area D

Larry was accepted at three different graduate schools, and must choose one. Elite U costs $50,000 per year and did not offer Larry any financial aid. Larry values attending Elite U at $60,000 per year. State College costs $30,000 per year, and offered Larry an annual $10,000 scholarship. Larry values attending State College at $40,000 per year. NoName U costs $20,000 per year, and offered Larry a full $20,000 annual scholarship. Larry values attending NoName at $15,000 per year. Larry maximizes his economic surplus by attending:

A. NoName U because the annual cost is only $20,000. B. Elite U. C. NoName U because he has a full scholarship there. D. State College.