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Author Question: An individual in the US wants to buy office equipment from England which costs 2,800 pounds. If the ... (Read 10 times)

misspop

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  • Posts: 540
on: Jul 1, 2018
An individual in the US wants to buy office equipment from England which costs 2,800 pounds. If the exchange rate is 1.92/pound, how much will it cost him in dollar terms?
 a. 2,800
  b. 5,376
  c. 1,458
  d. Need more information

Question 2

Which of the following statements concerning the short-run average cost curve of economic theory is true?
 a. It is L-shaped
  b. It is -shaped
  c. It is -shaped
  d. It is -shaped
  e. It is M-shaped


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bhavsar

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


misspop

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

kishoreddi

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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