Devaluation and depreciation of domestic currency
Distinguish among devaluation and depreciation of domestic currency
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Whenever Government or authorities decrease the price of domestic currency in terms of all foreign currencies is termed as devaluation.
The fall/down in market price of domestic currency (that is, due to demand supply in the market) in terms of a foreign currency is termed as depreciation.
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At any point on short-run supply curve of a competitive industry, every firm produces at the similar: (w) rate of technological equilibrium. (x) average cost. (y) marginal cost. (z) positive level of economic profit. Discover Q & A Leading Solution Library Avail More Than 1450506 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1934858 Asked 3,689 Active Tutors 1450506 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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