What type of cost is defined as at least what the resource could earn in its best alternative use?
a. implicit cost
b. explicit cost
c. opportunity cost
d. total cost
c
Economics
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Which of the following will NOT cause a shift in the demand curve for reserves?
A) Business cycles B) A change in the federal funds rate C) Changes in deposit base D) Liquidity shocks
Economics
If the government wants to regulate a natural monopoly, it will force the firm to set price equal to
A) average cost. B) marginal cost. C) marginal revenue. D) None of the above.
Economics