If net exports are positive for China, it must be true that China is experiencing net outflows of capital

Refer to Table 11-5. Suzette's Fancy Packaging subcontracts with Sunshineland Pecans to box dried fruit and nuts for Suzette's mail order business. Suzette rents space for her factory for $400 a week in a nearby strip mall

She can hire temporary workers for $200 a week. Table 11-5 above shows her output and cost data. Use the table to answer questions a-e. a. Complete the table. b. In the last week of summer Suzette closes her business to go on a family vacation. What are her costs during that week? c. In one week Suzette exactly breaks even. If her revenue for the week is $1,200, how many boxes of fruit and nuts did she produce? d. Judging from the marginal product of labor data, would you say that Suzette had to settle for increasingly unproductive workers? Explain your answer. e. Suzette has received an order for 1,500 boxes of nuts per week for the next 3 months. If she expects the trend in the marginal product of labor will continue in the same direction, what do you think she should do? Should she not commit until she can move to a larger space or should she just hire more workers? Explain your answer.

Under fixed exchange rates, a central bank

a. adjusts the money supply automatically and immediately to changes in the demand and supply of foreign exchange b. need hold no reserves of foreign exchange c. enforces the fixed exchange rate by refusing to buy or sell foreign exchange whenever changes occur in demand or supply d. may find its reserves fluctuating as demand and supply conditions change e. has no authority to buy or sell foreign exchange