If the European Central Bank increases interest rates
A) the demand curve for European euros shifts rightward and the supply curve of European euros shifts leftward.
B) the demand curve for European euros shifts leftward and the supply curve of European euros shifts rightward.
C) the demand curve for European euros and the demand curve for U.S. dollars both shift rightward.
D) the demand curve for European euros shifts leftward and the demand curve for U.S. dollars shifts rightward.
A
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An entrepreneur knits sweaters for sale. The entrepreneur has fixed costs of $100. When he makes 10 sweaters in one month, he must spend $15 on wool. To make eleven sweaters in one month, he must spend $17 on wool. If he has no other costs, what is the marginal cost of the eleventh sweater?
a) $1 b) $2 c) $17 d) $117
Which of the following groups is an investment bank NOT likely to visit during a "road show"?
A) institutional investors B) individual investors C) university endowments D) mutual funds