The expected real cost of using a unit of capital over a given period of time is known as ________

On January 25, 2009, one U.S. dollar traded on the foreign exchange market for about 0.75 euros. Therefore, one euro would have purchased about ________ U.S. dollars

A) 0.75 B) 1.00 C) 1.33 D) 1.75

What is a major characteristic of a natural monopoly?

A. The firm is a single seller of a resource B. Its sets price equal to marginal revenue C. There is extensive product advertising D. There is a large range for economies of scale