Figure 13.2. the U.S. Market for Imported Toyotas

Multiple Choice

Figure 13.2. The U.S. Market for Imported Toyotas
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-In Figure 13.2, D represents the U.S.demand curve for Toyotas and MC₀ represents the marginal cost of producing Toyotas.A shift in the marginal cost curve from MC₀ to MC₂ represents

A) an appreciation of the dollar relative to the yen.
B) a depreciation of the yen relative to the dollar.
C) a depreciation of the dollar relative to the yen.
D) neither an appreciation nor a depreciation of the dollar relative to the yen.