Which of the following is true?
a. If the Australian dollar depreciates, the Australian trade deficit decreases, since Australian products become cheaper to foreigners.
b. If the Australian dollar depreciates, the Australian trade deficit decreases, since Australian products become more expensive to foreigners.
c. If the Australian dollar depreciates, the Australian trade deficit increases, since Australian products become more expensive to foreigners.
d. If the Australian dollar appreciates, the Australian trade deficit decreases, since Australian products become cheaper to foreigners.
e. If the Australian dollar appreciates, the Australian trade deficit decreases, since Australian products become more expensive to foreigners.
A
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The figure above shows the demand, marginal revenue, and marginal cost curves for Paul's Parrot Pillows, a single-price monopoly producer of pillows stuffed with parrot feathers. When Paul maximizes his profit, he produces ________ pillows per hour
A) 1,000 B) 3,000 C) 4,000 D) 0 E) 2,000
For a monopoly able to perfectly price discriminate, the marginal revenue curve coincides with the demand curve
Indicate whether the statement is true or false