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Author Question: In a fixed exchange rate system, speculation regarding an expected revaluation or devaluation of a ... (Read 146 times)

geodog55

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on: Jun 29, 2018
In a fixed exchange rate system, speculation regarding an expected revaluation or devaluation of a currency makes it more difficult to maintain the existing exchange rate.
 
  Indicate whether the statement is true or false

Question 2

Comment on the following statement: The shape of a firm's long-run average cost curve is determined by both external and internal economies (or diseconomies) of scale.
 
  What will be an ideal response?


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asdfghjkl;

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

The statement is false. The shape of a firm's long-run average cost curve is solely determined by internal economies (or diseconomies) of scale. External economies (or diseconomies) of scale shift the firm's long-run average cost curve.


geodog55

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

amandanbreshears

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Reply 3 on: Yesterday
Excellent

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