Table 13.1XYZ Bank Balance SheetAssetsLiabilitiesTotal reserves$100,000Transactions accounts$400,000Loans300,000??Refer to Table 13.1. With a required reserve ratio of 20 percent, XYZ Bank could support maximum transactions account balances of

The table above gives a firm's total product schedule. Suppose labor is the only variable factor of production. The price of labor is $500 per week and total fixed costs are $600 per week. If 95 units are produced, the average total cost is

A) $6.31. B) $17.45. C) $26.32. D) $32.63.

Refer to Figure 4-18. How much of the tax is paid by producers?

A) $45 B) $8 C) $3 D) $2