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 75 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
Gracias!

tkempin

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

An analogy for how cardiac output, resistance, and blood pressure are related. An analogy for how cardiac output, resistance, and blood pressure are related.
Faulty outlooping produces F?, an F plasmid that contains chromosomal DNA Faulty outlooping produces F?, an F plasmid that contains chromosomal DNA
Faulty outlooping produces lambda phage containing bacterial DNA Faulty outlooping produces lambda phage containing bacterial DNA
Many diesel fuel additives increase the cetane rating which results in improved fuel economy. Many diesel fuel additives increase the cetane rating which results in improved fuel economy.
If y = 0.02 sin (30x - 400t) (SI units), the velocity of the wave is If y = 0.02 sin (30x - 400t) (SI units), the velocity of the wave is
Expressing amounts of energy in different energy units is necessary to solve many chemistry ... Expressing amounts of energy in different energy units is necessary to solve many chemistry ...
Video: Fermentation pathways

For a complete list of videos, visit our video library