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Author Question: If the Mexican peso (MXN) to Brazilian real (BRL) exchange rate goes from 5.9 MXN/BRL to 5.2 MXN/BRL ... (Read 85 times)

appyboo

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If the Mexican peso (MXN) to Brazilian real (BRL) exchange rate goes from 5.9 MXN/BRL to 5.2 MXN/BRL
 
  A) Brazilians decrease their demand for Mexican goods.
  B) Brazilians increase their demand for Mexican goods.
  C) Mexicans decrease their demand for Brazilian goods.
  D) Not enough information to determine what happens.

Question 2

A firm should always shut down if its revenue is
 
  A) declining.
  B) less than its average fixed costs.
  C) less than its total costs.
  D) less than its avoidable costs.



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frre432

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Answer to Question 1

A

Answer to Question 2

D





 

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