100 units350 units50 units250 units Country XPriceOddOsd$ 5.002004004.002503503.003003002.003502501.00400200The accompanying table gives data for Country X. Column 1 of the table is the price of a product. Column 2 is the quantity demandeddomestically (Qdd, and Column 3 is the quantity supplied domestically (Qsd. If Country X opens itself up to international trade, how muchwill the country import if the world price is $2.00?

International trade: - it means the buying and selling of goods and services with other countries.

Answered: 100 units 350 units 50 units 250 units

Business

Economics

100 units 350 units 50 units 250 units

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

5. The money creation process Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 5%. Larry, a client of First Main Street Bank, deposits $200,000 into his checking account at First Main Street Bank. Complete the following table to reflect any changes in First Main Street Bank's T-account (before the bank makes any new loans). Assets Liabilities Complete the following table to show the effect of a new deposit on excess and required reserves when the required reserve ratio is 5%. Hint: If the change is negative, be sure to enter the value as negative number. Amount Deposited Change in Excess Reserves Change in Required Reserves (Dollars) (Dollars) (Dollars) 200,000
Is a farm business considered Land, Labor, Capital
Price per unit of chair is $330 and the output sold is 16 units Calculate Total revenue
In the perfectly competitive car production industry, General Motors produces 40,000 sedan cars for an average total cost of $38,000, marginal cost of $33,000, and average variable cost of $30,000. General Motors, in the short run, should produce more cars if the current price is above and should shut down if the current price is below. Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a b с Question 3 d e $33,000; $30,000 $33,000; $28,000 $38,000; $30,000 $38,000; $33,000 $30,000; $28,000 $30,000; $30,000
quiz Product Energy bar A Energy bar B Number of Consumers Who Try the Product Number of Repeat Customers Profit per Repeat Customer Profit from Repeat Customers Cost of Advertisement 15 million 15 million 8 million 4 million $4 $32 million $15 million 4 16 million 15 million In the table above, the profit from repeat customers will equal the cost of the advertisement if there are million repeat customers. (Enter your response rounded to two decimal places.)
Your product's revenue per unit is $30, and product's cost per unit is $10. If the demand for next month is 200 units, and it costs $1000 one time to set up the machine, what is our profit (in dollars) for next month?
How many units should the firm produce to maximize profit?
Average Fixed Average Average Total Total Product Cost Variable Cost Cost Marginal Cost 1 $ 150.00 $ 25.00 $ 175.00 $ 25.00 2 75.00 23.00 98.00 21.00 50.00 20.00 70.00 14.00 4 37.50 21.00 58.50 24.00 15 30.00 23.00 53.00 31.00 6. 25.00 25.00 50.00 35.00 7 21.43 28.00 49.43 46.01 8 18.75 33.00 51.76 68.07 16.67 39.00 55.67 86.95 10 15.00 48.00 63.00 128.97 The accompanying table gives cost data for a firm that is selling in a purely competitive market. If the market price for this firm's product is $68.10, it will produce
It costs a coat manufacturer $8750 to make 125 coats and it costs $6500 to make 80 coats. Each coat is sold for $250. a. How much is the marginal cost? Round to two decimal places if rounding is necessary. Do not enter a fraction. There is a $ sign next to the answer box, so do not type a $ sign in your answer. Only type a number (do not type any units on your answer). $ b. What is the slope of the Profit function, P(x)? Round to two decimal places if rounding is necessary. Do not enter a fraction. There is a $ sign next to the answer box, so do not type a $ sign in your answer. Only type a number (do not type any units on your answer). $ c. How many coats must be sold in order to break even? Round to the nearest whole number if rounding is necessary. Do not enter a fraction. Only type a whole number (do not type any units on your answer).
Only typed answer
For distract driving
Question 4 Barrels of Average Oil Marginal Marginal Total Produced Revenue Cost Costs $ 30.00 $ 4.00 $ 34.00 1 $ 50.00 $ 50.00 $ $ 50.00 $ 77.00 $ 50.00 $ 17.00 $ 17.00 $ 50.00 $ 23.00 $ 18.20 2 6.00 $ 40.00 $ 17.00 $ 50.00 $ 29.00 $ 20.00 $ 50.00 $ 36.00 $ 22.29 $ 50.00 $ 50.00 $ 25.75 $ 50.00 $ 90.00 $ 32.89 $ 50.00 7 8. 10 $ 124.00 $ 42.00 Consider the table above. What are the fixed costs of production for this firm? $4 $30 $50 $34