The Value of the Australian Dollar (A$) Today Is $0

question 29

Multiple Choice

The value of the Australian dollar (A$) today is $0.73. Yesterday, the value of the Australian dollar was $0.69. The Australian dollar ____ by ____%.

• A) depreciated; 5.80
• B) depreciated; 4.00
• C) appreciated; 5.80
• D) appreciated; 4.00

---

Definitions:

Highest Attainable

Refers to the best or most favorable outcome or state that can be achieved within given constraints.

Total Utility

The overall satisfaction or fulfillment a consumer receives from consuming a given quantity of goods and services.

Marginal Utility

This refers to the additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.

Seventh Unit

Refers to the specific instance or item in a sequence or set, used here as a way to denote its particular position.