Explain how much could the money supply expand

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Q. A firm's total fixed cost $1500. If at a certain level of output its avaerage total cost per units are $10 and the average variable cost per unit is $5. what is that level of output which occurs these costs

Q. Suppose the reserve requirement is 10%. First National Bank receives a deposit of $5,400. If there is no slippage, explain how much could the money supply expand?

Reference no: EM1347599

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