(Table: U.S. International Trade in Goods and Services, 2021, in millions of dollars. Details may not equal totals due to seasonal adjustment and rounding.) The table contains data on U.S. trade in 2021. In 2021, the United States was a net of million in goods. Total Balance Goods Services Total -861,383 -1,091,384 230,001 2,532,955 Exports Goods Services Total 1,761,709 771,247 3,394,339 Imports Goods Services 2,853,093 541,245

(Table: U.S. International Trade in Goods and Services, 2021, in millions of dollars. Details may not equal totals due to seasonal adjustment and rounding.) The table contains data on U.S. trade in 2021. In 2021, the United States was a net of million in goods. Total Balance Goods Services Total -861,383 -1,091,384 230,001 2,532,955 Exports Goods Services Total 1,761,709 771,247 3,394,339 Imports Goods Services 2,853,093 541,245

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Identify the Tesco Ethical Issue.
The market demand for the newest smartphone is 1 million units. The selling price for the LG phone is $400.00. The cost is $100 per unit. LG currently has market share of 10 percent. The marketing and sales expense is $5 million. Assume market demand grows by 20%. Given the 20% increase in market demand, LG maintains its market share of 10%, selling price of $400, unit cost of $100, and marketing and sales expense of $5 million. What is the new net marketing contribution (NMC)? O a. $36 million Ob. $31 million O. S7 million O d. $12 million
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