Elimination of minimum brokerage commission rates occurred because of
A) competition from banks.
B) demands of institution investors.
C) competition from foreign brokerage firms.
D) an action of the Securities and Exchange Commission.
D
Economics
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In economics, the demand for money is basically a demand for
A) bonds. B) status. C) liquidity. D) investment.
Economics
Suppose that a competitive firm hires labor up to the point at which the value of the marginal product equals the wage and that labor is the only input that varies for the firm. If the firm pays a wage of $700 per week and the marginal product of labor equals 35 units per week, then the marginal cost of producing an additional unit of output is
a. $20. b. $35. c. $700. d. We do not have enough information to answer this question.
Economics