In the situation of the artisan in the previous question, assume that the artisan has an accurate estimate of the customer’s willingness to pay for each unit, and sets the lump sum fee just low enough that the customer decides to pay it. Remember that we are only assessing the artisan's transactions with one customer. In this case, what will be the deadweight loss and the distribution of surplus?

Which of the following best describes the purpose of raising and lowering the required reserve ratio? a. to make sure that government spending does not result in either a surplus or deficit. b. to stimulate economic growth by making it less expensive for producers to get loans. c. to manage the economy by increasing or decreasing the amount of loans being made. d. to regulate the activity of private banks to assure an equitable distribution of wealth. 2b2t

At which stage would you introduce your product to the market at large? a. development stage b. market testing stage c. commercialization stage d. ideation stage

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false