Refer to Scenario 14.4. How much will the monopsonist pay each worker?

Refer to the above figure. Excess quantity supplied will exist when

A) the price is between $0 and $6. B) the price equals $6. C) the price equals $10. D) quantity demanded equals 15.

A new bank has reserves of $600,000, checkable deposits of $500,000, and government securities of $100,000. If the desired reserve ratio is 10 percent, the amount of loans this bank can make is

A) $60,000. B) $550,000. C) $50,000. D) $600,000. E) $540,000.