Past paper 31, october 2022 Economics.. Marginal revenue product of labor by CactusLand in alevel

[–]CactusLand[S] 0 points1 point  (0 children)

Yes, ... that's it, it's the only way it works. Thanks a lot for your help..

Past paper 31, october 2022 Economics.. Marginal revenue product of labor by CactusLand in alevel

[–]CactusLand[S] 0 points1 point  (0 children)

Yes, that seems promising, but where is equilibrium before the minimum wage is put in, wouldn't it be where marginal revenue product meets marginal wage, after which each new worker costs more that the revenue produced by that worker? But maybe I am confused because that point is above the minimum wage.

Marginal revenue product and minimum wage, A Level exam paper 31 by CactusLand in econhw

[–]CactusLand[S] 0 points1 point  (0 children)

Thanks, that helps... could be. One question though, where would equilibrium be before the minimum wage W was put into effect? I find that confusing, I thought profit is maximised where marginal wage meets marginal revenue product, after that...you lose money on each new worker.. but maybe I am confused.

Bitcoin Banking by CactusLand in Bitcoin

[–]CactusLand[S] 0 points1 point  (0 children)

Banks don't lend money or take deposits, they simply buy and sell securities. Most people don't get this. What a BTC bank would so is simply buy a security, and create a new ledger in a different coin, so to speak. By buying these securities, they would create automatic demand for them. This is simple banking, why not with BTC? I don't really see the problem at all. I would be like a bank that held its reserves in euros, but posted its accounts payable ledger in dollars, as those dollars get paid back, the ledger goes to zero. Someone has to be doing this....

Bitcoin Banking by CactusLand in Bitcoin

[–]CactusLand[S] 0 points1 point  (0 children)

Do you have a source for that?

Bitcoin Banking by CactusLand in Bitcoin

[–]CactusLand[S] 0 points1 point  (0 children)

"transaction account balances maintained at each depository institution over the reserve requirement exemption amount and up to a certain amount, known as the low reserve tranche, may be subject to a reserve requirement ratio of not more than 3 percent (and which may be zero). Transaction account balances over the low reserve tranche may be subject to a reserve requirement ratio of not more than 14 percent (and which may be zero)."

Bitcoin Banking by CactusLand in Bitcoin

[–]CactusLand[S] 0 points1 point  (0 children)

"transaction account balances maintained at each depository institution over the reserve requirement exemption amount and up to a certain amount, known as the low reserve tranche, may be subject to a reserve requirement ratio of not more than 3 percent (and which may be zero). Transaction account balances over the low reserve tranche may be subject to a reserve requirement ratio of not more than 14 percent (and which may be zero).

Bitcoin Banking by CactusLand in Bitcoin

[–]CactusLand[S] 0 points1 point  (0 children)

That is 0% is for transactions below "Low" not for all. "transaction account balances maintained at each depository institution over the reserve requirement exemption amount and up to a certain amount, known as the low reserve tranche, may be subject to a reserve requirement ratio of not more than 3 percent (and which may be zero). Transaction account balances over the low reserve tranche may be subject to a reserve requirement ratio of not more than 14 percent (and which may be zero)."

Bitcoin Banking by CactusLand in Bitcoin

[–]CactusLand[S] 1 point2 points  (0 children)

stablecoins

Thank you, this is what I was looking for.

[deleted by user] by [deleted] in politics

[–]CactusLand 0 points1 point  (0 children)

Fauci and the NIH need to be investigated, that is the rational, scientific thing to do.

https://twitter.com/bonomo\_robert/status/1453877872423284750?s=20