Borrowers rely on financial intermediaries to hold and find uses for their funds that promise a positive expected rate of return

Suppose the marginal benefit the owner of a cherry orchard derives from hiring Lauren to pick cherries is $8 per hour. If the wage rate that Lauren earns is $7 per hour, then the orchard owner's surplus from Lauren's labor is ________ per hour

A) $7 B) $15 C) $1 D) $8 E) $0

If marginal cost equals average total cost:

A. average total cost is minimized. B. average variable cost is falling. C. marginal cost is minimized. D. average variable cost is minimized.