If the Federal Reserve sells $10 million in government securities in the open market, with a 10 percent required reserve ratio on deposits, the maximum increase in deposits would be

The figure above shows a perfectly competitive firm. When the firm maximizes its profit, its economic profit

A) is more than $300. B) is $300. C) is less than $300. D) The premise of the question is wrong because the firm is incurring an economic loss.

As more Big Macs are consumed each day, the marginal utility that a person gets from each additional Big Mac:

A. rises at a steady rate. B. decreases. C. remains constant. D. accelerates.