Refer to Figure 18-1. The depreciation of the euro is represented as a movement from

________ is defined as a market outcome in which the marginal benefit to consumers of the last unit produced is equal to the marginal cost of production, and in which the sum of consumer surplus and producer surplus is at a maximum

A) Economic efficiency B) Consumer efficiency C) Deadweight efficiency D) Producer efficiency

Any point on a graph represents a combination of particular values of two variables

a. True b. False