If the exchange rate measured in euros per dollar increases, then
A) the dollar depreciates relative to the euro.
B) the euro appreciates relative to the dollar.
C) the euro depreciates relative to the dollar.
D) neither currency appreciates or depreciates.
Answer: C
Economics
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Which of the following costs will not change as output changes?
A) marginal cost B) total variable cost C) average variable cost D) average fixed cost E) total fixed cost
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