Examlex
Which one of the following states that the current forward rate is an unbiased predictor of the future spot exchange rate?
Average Variable Cost
The variable cost of production divided by the quantity produced, showing the cost of producing each additional unit.
Average Total Cost
The total cost of production divided by the number of units produced, representing the per-unit cost of production for a firm.
Rising
An increase or upward trend in value, quantity, or importance.
Average Variable Cost
The total variable cost divided by the number of units produced, representing the variable cost per unit of output.
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