Suppose the long-run cost function is C = 3q. What is the cost-output elasticity for this case?

Microeconomics is the study of ________

A) the choices that individuals and businesses make B) all aspects of scarcity C) the global economy D) the national economy

When the value of one currency increases relative to the value of another currency, it has experienced:

A. exchange rate depreciation. B. exchange rate appreciation. C. interest rate depreciation. D. net capital inflow.