This topic contains a solution. Click here to go to the answer

Author Question: Suppose that for the past two months, you have studied economics one hour a day. You now decide to ... (Read 150 times)

cookcarl

  • Hero Member
  • *****
  • Posts: 539
Suppose that for the past two months, you have studied economics one hour a day. You now decide to study economics two hours a day. For the past two months
 
  A) your marginal cost of studying economics for an hour must have exceeded its marginal benefit.
  B) the marginal cost of studying economics must have fallen.
  C) your marginal benefit from studying economics an hour must have been greater than its marginal cost.
  D) the opportunity cost of studying economics must have risen.

Question 2

According to purchasing power parity, the foreign exchange market will
 
  A) undervalue the dollar if inflation in the United States is greater than it is elsewhere.
  B) no longer demand dollars if the inflation rate in the United States exceeds that of other nations.
  C) adjust the value of the exchange rate to reflect differing inflation rates between nations.
  D) result in a flow of dollars out of the United States whenever its rate of inflation is below that of other nations.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

abctaiwan

  • Sr. Member
  • ****
  • Posts: 355
Answer to Question 1

C

Answer to Question 2

C





 

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

For a complete list of videos, visit our video library