This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a firm produces 10 units, TC=100 . When the firm increase its output to 15 units, TC= 150 . The ... (Read 55 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jul 1, 2018
If a firm produces 10 units, TC=100 . When the firm increase its output to 15 units, TC= 150 . The firm's AVC equal to
 a. 5
  b. 10
  c. 50
  d. 100

Question 2

European Vacation After staying around 1.35 US dollars per Euro for years, the exchange rate fell below 1.25 US dollars to a euro during the summer of 2014 . What affect does this have on tourism in Europe?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Harbringer

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

The demand for European vacations by Americans will increase because it takes fewer dollars to convert into a given number of euros. Likewise, Europeans considering coming to the US now have to convert more euros into dollars if they wish to visit the US. Some will opt to stay in Europe instead. Both effects increase the demand for hotels in Europe during holidays. Since supply of hotels is relatively fixed, this increases the hotel rates expressed in euros.


Shelles

  • Member
  • Posts: 582
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Dissolution of the Geosphere Produces Karst Terrain Dissolution of the Geosphere Produces Karst Terrain
Risk of Stroke and Heart Disease Increase with Increasing Blood Pressure Risk of Stroke and Heart Disease Increase with Increasing Blood Pressure
Firm handshake Firm handshake
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
Because the factor h on the right side of the Heisenberg uncertainty principle has units of ... Because the factor h on the right side of the Heisenberg uncertainty principle has units of ...
Energy and Energy Units Energy and Energy Units
Video: Cortisol (protein catabolism, gluconeogenesis, vasoconstriction & anti-inflammation)

For a complete list of videos, visit our video library