The change in total profit when a firm increases its output by one unit equals

Overhead costs are identical to fixed costs

a. True b. False Indicate whether the statement is true or false

The Bretton Woods system worked fairly well for a number of years, but it finally broke down over

a. lack of agreement on how to settle the problems of the surplus nations. b. its inability to devalue the U.S. dollar. c. the huge debts of the IMF to less-developed countries. d. the controversies generated by surplus nations wanting to devalue their currencies.