« 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 84 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?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

(b) The landscape around the deserts of Osoyoos, British Columbia. (b) The landscape around the deserts of Osoyoos, British Columbia.
A tufted puffin, Fratercula cirrhata, on Triangle Island of the Coast of British Columbia. A tufted puffin, Fratercula cirrhata, on Triangle Island of the Coast of British Columbia.
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
British philosopher W. T. Stace. British philosopher W. T. Stace.
Many people consider the British statesman Winston Churchill (1874–1965) to be an exemplar of the ... Many people consider the British statesman Winston Churchill (1874–1965) to be an exemplar of the ...
The average weight gain between Thanksgiving and New Year's Day is about a pound The average weight gain between Thanksgiving and New Year's Day is about a pound
Video: Supine Position

For a complete list of videos, visit our video library