Refer to the information provided in Table 11.1 below to answer the questions that follow.
Table 11.1

-Refer to Table 11.1.If it costs $11 each time a bond is sold,the optimal average money holdings are

Question

Refer to the information provided in Table 11.1 below to answer the questions that follow.
Table 11.1
 
-Refer to Table 11.1.If it costs $11 each time a bond is sold,the optimal average money holdings are

Quizplus · Accepted Answer

The optimal average money holdings are $600 because the marginal cost of holding money is $11 and the marginal benefit of holding money is $12.

Refer to the Information Provided in Table 11