Depreciation of the dollar will:
A. decrease the prices of both U.S. imports and exports.
B. increase the prices of both U.S. imports and exports.
C. decrease the prices of U.S. imports but increase the prices to foreigners of U.S. exports.
D. increase the prices of U.S. imports but decrease the prices to foreigners of U.S. exports.
D. increase the prices of U.S. imports but decrease the prices to foreigners of U.S. exports.
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The firm's variable cost include costs that
a. change as the price of the good changes b. change as the firm's output changes c. can never be changed d. can only be changed in the long run e. change with economies of scale and remain unchanged with diseconomies of scale
(Consider This) A topographical map shows successively higher equal-elevation lines, whereas an indifference map shows successively higher levels of total:
A. utility. B. revenue. C. profit. D. cost.