Author Question: Last week, 13 Mexican pesos could purchase one U.S. dollar. This week, it takes 11 Mexican pesos to ... (Read 133 times)

cartlidgeashley · **on:** Jun 29, 2018

Last week, 13 Mexican pesos could purchase one U.S. dollar. This week, it takes 11 Mexican pesos to purchase one U.S. dollar. This change in the value of the dollar will ________ exports from the United States to Mexico and ________ U.S.

aggregate demand.
A) increase; decrease B) increase; increase C) decrease; increase D) decrease; decrease

Question 2

If a perfectly competitive firm achieves productive efficiency then

A) it is producing at minimum efficient scale.
B) it will raise its price in order to earn an economic profit.
C) it is producing the good it sells at the lowest possible cost.
D) the price of the good it sells is equal to the benefit consumers receive from consuming the last unit of the good sold.

alvinum · **Reply #1 on:** Jun 29, 2018

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 44% of students answer this correctly