The Federal Reserve banks make loans to member banks at a special interest rate called the discount rate

Marginal utility is best computed as the ratio of:

a. total utility to change in quantity consumed. b. the change in total utility to total quantity consumed. c. total quantity consumed to total utility. d. the change in total utility to change in quantity consumed.

A perfectly competitive firm is a price taker, but a monopoly is a price maker

a. True b. False Indicate whether the statement is true or false