Assume a cartel that consists of two firms has determined its profit-maximizing level of output and must now decide how to allocate total output between the two firms
Assuming firm A's marginal costs are less than firm B's marginal costs, firm A should produce a smaller share of total output than firm B. Indicate whether the statement is true or false
FALSE
Economics
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If loans are $300,000 . checkable deposits are $600,000 . and the required reserve ratio is 40 percent, then excess reserves are:
a. $360,000. b. $240,000. c. $120,000. d. $60,000. e. $30,000.
Economics
One concern about globalization is that while it may be benefiting ____________ workers in the United States, it may also impose costs on ____________ workers.
a. low-skilled, low-wage; high-skilled, high-wage b. high-skilled, high-wage; low-skilled, low-wage c. low-skilled, low-wage; semi-skilled, medium-wage d. semi-skilled, medium-wage; high-skilled, high-wage
Economics