-Refer to Table 11

question 19

Multiple Choice

-Refer to Table 11.8 to answer this question.Which of the following statements is correct?

• A)The Canadian dollar has appreciated and the Japanese yen has depreciated.
• B)The Canadian dollar has depreciated and the Japanese yen has appreciated.
• C)The Japanese yen is now worth less in terms of the Canadian dollar.
• D)The Canadian dollar is now worth more in terms of the Japanese yen.

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Definitions:

Total Revenue

The overall amount of money that a business receives from the sale of goods or services, calculated as the unit price times the quantity sold.

Additional Worker

An employee added to the workforce, often to address increased demand or enhance productivity.

Profit-Maximizing

The method or approach through which a company decides on the pricing and production quantity that yields the highest profit.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a resource or factor of production.