Problem 11

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Centennial College *

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Course

INTL 704

Subject

Economics

Date

Nov 24, 2024

Type

docx

Pages

1

Uploaded by SAGAR2835

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Problem 1: A company in the United States imports 1,000 units of a product from China. The cost of goods is $10 per unit, and the shipping cost is $2,000. Calculate the total cost of the imported goods. Solution 1: plaintext Copy code Total Cost = (Cost per Unit * Number of Units) + Shipping Cost Total Cost = ($10 * 1,000) + $2,000 = $12,000
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