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Profit Maximizing Price Profit Masimi ng Quantity lo b) Assume the monopolist is now regulated to a fur return price

Economics

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Profit Maximizing Price Profit Masimi ng Quantity lo b) Assume the monopolist is now regulated to a fur return price. Determine the Profit Maximizing Price 9 Profit Maximizing Quantity_14 -Profit $0 02 Consider the following information for personal fitness training operating in Surrey, BC. The service advertises as providing one-to-one training, using specialized equipment, in a clean small purpose-built facility by a certified fitness trainer with towel locker and nutritious juice services. 151 Free Gamt TH της. $4 o 3 55 25 520 40 70 40 100 40 30 20 TO 15 15 Sas 36 1. What market structure is this? Perfect competition, monopoly, or monopolistic competition? (Circle one) 2. What is the profit maximizing rule for this market structure? Profit will be maximized flosses minimized) where Use this rule to determine your answers to the following question 3. Profit Maximizing Price Profit Maximizing Quantity Profit

A. What is money?

		The total amount of money the banks have under their control.
		A commodity that is widely accepted for the purposes of exchange and in the repayment of debts
		Any good that is widely accepted for the purposes of exchange and in the repayment of debts.
		Currency used in exchange for other goods

B. What are the functions of money? (check all that apply)

		A way to calculate who has what
		A store of future prices
		A store of value
		A medium of debt
		A unit of savings for future use
		A medium of exchange
		A unit of account

C. What is fractional reserve banking system?

		Banks must not use any fraction of deposits for investment purposes.
		Banks are allowed to hold reserves that are only a fraction of total deposits.
		Banks must not keep any fraction of deposits on reserve
		Banks can use a fraction of available savings for investment purposes