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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 148 times)

appyboo

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on: Jul 1, 2018
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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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


appyboo

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Reply #2 on: Jul 1, 2018
Thank you :)


frre432

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Reply #3 on: Jul 1, 2018
Happy to help you


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