Refer to the above graph for a monopolist in short-run equilibrium. This monopolist has total cost equal to area:
A. 0CFQ
B. ADFC
C. CADF
D. 0ADQ
Answer: D. 0ADQ
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Yesterday, the dollar was trading in the foreign exchange market at 1.10 euros per dollar. Today, the dollar is trading at 1.05 euros per dollar. The dollar has ________ and a possible reason for the change is ________ in the U.S. interest rate
A) depreciated; a decrease B) appreciated; a decrease C) depreciated; because there has been no change D) appreciated; an increase E) depreciated; an increase
If the current account is a deficit of 25 then
(a) the capital account is a surplus of 25. (b) the cash account is a surplus of 25. (c) the capital account is a surplus of 25 if the cash account is zero. (d) the cash account is a deficit of 25
The BP curve is upward sloping if assets are perfectly substitutable
Indicate whether the statement is true or false
A depreciation of the South Korean won against the U.S. dollar will
A. Raise the dollar price of Korean goods. B. Lower the won price of Korean goods. C. Raise the won price of U.S. goods. D. Lower the dollar price of U.S. goods.