The short-run supply curve for the perfectly competitive firm is the portion of its
A) MC curve above the AVC curve.
B) MC curve above the AFC curve.
C) MC curve above the ATC curve.
D) MC curve above the MR curve.
A
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A lowering of the required reserve ratio might not expand the money supply if:
a. tax rates are also lowered at the same time. b. tax rates are increased at the same time. c. borrowers are unwilling to borrow the new funds the banks have available for loans. d. borrowers are willing to borrow the new funds the banks have available for loans.. e. borrowers expand their borrowing because of the lower interest rates that banks offer.
If all unwelcome or harmful activities were eliminated,
a. the benefits from eliminating these activities would exceed the cost of eliminating them b. there would be no remaining potential Pareto improvements c. society would be more efficient d. society would be less efficient e. the result would be Pareto efficient