Suppose that you can either buy a radio from a firm for 50 or ...

[Marty]

Suppose that you can either buy a radio from a firm for 50 or find and purchase the components yourself and then either assemble them yourself or hire someone to do so. You should
 a. buy the radio because it's possible to do so
  b. assemble the radio yourself because it's possible to do so
  c. assemble the radio yourself only if you know how to do so
  d. assemble the radio yourself only if the total price of all the components is less than 50
  e. assemble the radio yourself only if the total price of all the components plus the value of your own time is less than 50

Question 2

In determining the exchange rate between the Canadian dollar and British pound, if Canadian income increases, then
 a. the demand for pounds will increase, leading to depreciation of the Canadian dollar, assuming exchange rates are allowed to float
  b. the demand for pounds will increase, leading to depreciation of the Canadian dollar, assuming exchange rates are fixed
  c. the demand for pounds will increase, leading to appreciation of the Canadian dollar, assuming exchange rates are allowed to float
  d. the demand for pounds will increase, leading to appreciation of the Canadian dollar, assuming exchange rates are fixed
  e. the supply of pounds will shift to the left, causing appreciation of the Canadian dollar, assuming exchange rates are fixed

[frogdreck123456]

Answer to Question 1

E

Answer to Question 2

A