« previous next »

Author Question: In July 2008, a British pound could buy 2. By October 2008, a pound could buy 1.55. Over the four ... (Read 72 times)

anjilletteb

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
In July 2008, a British pound could buy 2. By October 2008, a pound could buy 1.55. Over the four months, the
 
  A) pound depreciated against the dollar.
  B) the real exchange rate did not change.
  C) pound appreciated against the dollar.
  D) the U.S. inflation rate increased.

Question 2

Archibald's Tattoos is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price of a tattoo is 12, the firm
 
  A) incurs an economic loss, but will not shut down.
  B) will not shut down in the short run, but will leave the industry in the long run.
  C) will shut down.
  D) is breaking even.


blfontai

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Pacific Rim National Park, British Columbia Pacific Rim National Park, British Columbia
A giant squid found at Ranheim in Trondheim 2 October 1954 A giant squid found at Ranheim in Trondheim 2 October 1954
Primary School Attendance in World Regions Attending primary school is common but not universal, wo Primary School Attendance in World Regions Attending primary school is common but not universal, wo
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Ten Leading Causes of Death in High-Income Countries, 2008 Ten Leading Causes of Death in High-Income Countries, 2008
October 27 2023 October 27 2023
Video: A Human Karyotype Preparation Animation

For a complete list of videos, visit our video library