Answer:
True
Explanation:
Manuel's willingness to pay versus the actual cost of something is defined as consumer surplus.
Consumer surplus = the maximum price that Manuel is willing to pay for the antique car - actual price of the antique car.
If consumer surplus is negative, then Manuel (or anyone else) will not be willing to purchase the car or any other good or service. Consumers will only purchase a good or service if their consumer surplus is ≥ 0.
Answer:
it kike some part of your business is at risk
jus gave it a try
Answer:
Option (B) is correct.
Explanation:
Given that,
Megabux National Bank currently has deposits = $200 million
Fed establishes a reserve requirement = 12 percent
Therefore,
Reserves must be hold by the Megabux national bank against its deposits:
= Amount of Deposits × Required reserve ratio
= $200 million × 12 percent
= $200 million × 0.12
= $24 million
A public good, public goods are non both non-excludable and non-rivalrous. Non-excludable means that individuals can not be excluded from using it. Use by one individual does not reduce the availability. Examples include knowledge, streetlights and light houses