An increase in the dollar price of the English pound will cause a ____ in the pound price of the dollar.

In a recent year GDP per capita in the United States was much higher than GDP per capita in France. Why would there be such a large difference in GDP per capital between two rich leader countries?

Please provide the best answer for the statement.

To maximize profit a perfectly competitive firm supplies a good up to the point at which

A. the marginal revenue is higher than the marginal cost. B. the marginal cost of producing the good is zero. C. the average revenue equals average cost. D. the price of the good equals marginal cost.