To maximize joint profits, the members of a cartel have to determine the level of industry output by setting marginal revenue qual to the cartel's joint marginal costs of production

If a bank uses $200 of excess reserves to make a new loan when the reserve ratio is 15 percent, this action by itself initially makes the money supply

a. and wealth increase by $200. b. and wealth decrease by $200. c. increase by $200 while wealth does not change. d. decrease by $200 while wealth decreases by $200.

The table below shows the weekly supply for hamburgers in a market where there are just three sellers.PriceSeller 1 Qs 1Seller 2 Qs 2Seller 3 Qs 3$5854464334322221 If the price of a hamburger increases from $3 to $5, then the weekly market quantity of hamburgers supplied will

A. decrease from 17 to 9. B. decrease from 17 to 13. C. increase from 9 to 17. D. increase from 13 to 17.