« 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 68 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?

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).

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

A noose hanging from a “Liberty Tree” reveals this artist’s bias: The “tar-and-feathering” of a Brit A noose hanging from a “Liberty Tree” reveals this artist’s bias: The “tar-and-feathering” of a Brit
This 1795 engraving of a Stamp Act protest delineates a class division. The three British Tories—one This 1795 engraving of a Stamp Act protest delineates a class division. The three British Tories—one
Prevalence of serious mental illness among U.S. adults by sex, age, and race in 2008. Prevalence of serious mental illness among U.S. adults by sex, age, and race in 2008.
Members of the British Punitive Expedition to Benin City Members of the British Punitive Expedition to Benin City
Population age 65 and over and age 85 and over, selected years 1900-2008 and projected 2010-2050. Population age 65 and over and age 85 and over, selected years 1900-2008 and projected 2010-2050.
October 24, 2023 October 24, 2023
Video: Phases of mitosis

For a complete list of videos, visit our video library