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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Firm A has no costs of production and sells its products to just two buyers. The buyers (1 and 2) have the following demand functions:
P1 = 90 -10q1
P2 = 60 - 5q2
(a) Assuming that the rm can engage in third degree price discrimination, nd the
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