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***30 points easy if you know economics*** if yesterday one u. s. dollar could be exchanged for 120 japanese yen, while today a u. s. dollar can be exchanged for 118 yen, this means that the u. s. dollar has against the yen and imports from japan became a) depreciated; less expensive b) appreciated; more expensive c) depreciated; more expensive d) appreciated; less expensive
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Business, 22.06.2019 11:10, evansh78
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Business, 22.06.2019 13:20, ooEVAoo
Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.
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