The conclusion which can be drawn with respect to the nature of an exchange-rate table in December 2013 is that: B. It would look different because exchange rate tables change constantly.
An exchange rate can be defined as a number that is used to denote or represent the financial value of a currency in comparison with another currency.
On a related note, the foreign exchange market is a market that is used for converting the currency of a particular country into the currency of another country. For example, the dollars (United States of America) can be converted into naira (Nigeria) in the foreign exchange market.
In the foreign exchange market, the exchange rate for various countries are typically shown or displayed by using the exchange-rate table, which changes constantly depending on the following factors:
- Gross Domestic Product (GDP)
In conclusion, the conclusion which can be drawn with respect to the nature of an exchange-rate table in December 2013 is that, it would look different because exchange rate tables change constantly.
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If the long-run average total cost curve of an industry is declining at the point where it intersects the industry demand curve, then we can expect that the industry will be a natural monopoly.
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What is Natural monopoly?</h3>
This is characterized by high infrastructural costs and other barriers which prevent entry into the market. This gives rise to a very few being involved and usually offers no competition as there is a single seller with unique types of goods and services.
This type of monopoly involves sellers having a big size and able to produce the required output for the consumers. This makes them to be self-sufficient and is characterized by the long-run average total cost curve of an industry declining and intersecting the industry demand curve which is the reason why it was chosen as the most appropriate choice.
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The throws made by the dart thrower shows that the person is both accurate and precise.
Accuracy is a measure of how close an obtained value is to the actual value. Hence, since the dart is close to the center of the target. Then it is accurate.
Precision describes how a series of obtained values are close to one other. Since the five darts are position of the five darts are close to one another, then the throw is precise .
Therefore, the person who threw the darts is both precise and accurate.
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