When a monopolist decreases the price of its good, consumers

As the Indian rupee depreciates relative to the dollar, total spending on Indian goods and assets will increase. Therefore, in the foreign exchange market, the

A) supply curve of euros is downward sloping. B) supply curve of dollars is upward sloping. C) demand curve for euros is upward sloping. D) demand curve for dollars is upward sloping.

The change in a firm's total cost from producing one more unit of a good or service is the firm's

A) average cost of production. B) explicit cost of production. C) marginal cost of production. D) implicit cost of production.