« 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 67 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?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Many salmon spawning grounds, such as the Little Qualicum River in British Columbia, consist of wate Many salmon spawning grounds, such as the Little Qualicum River in British Columbia, consist of wate
A number of tree species can be interconnected by mycorrhizal fungi in the forests of British Columb A number of tree species can be interconnected by mycorrhizal fungi in the forests of British Columb
A giant squid found at Ranheim in Trondheim 2 October 1954 A giant squid found at Ranheim in Trondheim 2 October 1954
Telomere length is related to the amount of time adults spend in leisure time activity. Source: Ada Telomere length is related to the amount of time adults spend in leisure time activity. Source: Ada
European Claims in North America after British Victory, 1763 European Claims in North America after British Victory, 1763
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.
Video: Type of Cell Junctions - Desmosome, Hemidesmosomes and Gap Junctions

For a complete list of videos, visit our video library