If the price of Pepsi decreases, all else held constant, then we'd expect to see a consequent shift of the demand curve for
A. Pepsi to the right.
B. Coke to the right.
C. Coke to the left.
D. Pepsi to the left.
Answer: C
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The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Canadian dollar ________ against the U.S. dollar and the Japanese yen ________ against the U.S. dollar
A) depreciated, depreciated B) appreciated, appreciated C) appreciated, depreciated D) depreciated, appreciated
Your boss explains to you that the total fixed costs of the company are $1 million. He also informs you that each unit of production will cost twenty five cents more with each 100-unit increase
He has asked you to draw the fixed costs of the company with costs on the vertical axis and quantity of goods sold on the horizontal axis. Without drawing a graph tell your boss what the graph will look like using words. What information did your boss give you that you didn't need in order to draw the graph?