When marginal cost exceeds the average variable cost, average variable cost must be increasing

As a result of the Fed's actions during the 2008 financial crisis and banks' lending policies,

A) the M2 money multiplier has fallen from about 9 to about 4. B) the M2 money multiplier more than doubled. C) the monetary base decreased by 50 percent. D) the ratio of currency to M2 deposits more than doubled. E) the reserve requirement ratio increased.

If the total costs of producing 1,500 units of output is $15,000 and this output sold to consumers for a total of $16,500, then the firm would earn profits of:

A. $1,000 B. $16,500 C. $1,500 D. $15,000