In the above figure, saving will equal zero when real disposable income equals

Refer to Table 11-7. What is the variable cost of production when the firm produces 115 lanterns?

A) $1,556 B) $1,157 C) $956 D) $10.05

From 2007 to 2008, the Federal Reserve System reduced interest rates, the price which borrowers pay. As a result, economists expected the quantity of money demanded to

a. increase. b. decrease. c. not change. d. not change, although the demand schedule itself will shift outward.