On May 12, 2011, it cost U.S. $1.44 to buy one euro. How many euros would U.S. $1 buy?

What is implied when the total cost of producing Q1 and Q2 together is less than the total cost of producing Q1 and Q2 separately?

A. Cost complementarity B. Diminishing average fixed costs C. Economies of scope D. Economies of scale

If the domestic price is below the world price of a certain product, the domestic country will export the product.

Answer the following statement true (T) or false (F)