In 2014, the largest exported good (in dollars) for the United States, the value of exports for “Planes Helicopters and or Space-crafts and the largest imported goods for the United States. In 2014, the largest exported good for Brazil, the value of exports for “Planes, Helicopters and or spacecraft’s” and the largest imported goods in Brazil. The total value of Brazilian exports to the United States, Brazil’s largest exported good (in dollars) compared to the United States, the types of goods that Brazil generally exports to the United States and the value of exports related to “Planes, Helicopters and or Spacecraft” The total value of exports from the United States to Brazil, the United States largest export to Brazil in dollars, the types of goods that the United States exports to Brazil and the value of exports related to “Planes, Helicopters, and Spacecrafts” Concept Introduction: The OEC stands for observatory of economic complexity; it is an online resource for international trade data and economic complexity indicators available through interactive visualizations of countries and products.

Question

The table below presents the demand schedule and marginal costs facing a monopolist producer. a. Fill in the total revenue and marginal revenue columns. Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Leave no cells blank. Enter 0 if appropriate. Q 0 P ($) 8 TR ($) 0 MR ($) MC ($) 1 7 2 6 3 5 1 2 3 4 4 4 5 5 3 6 6 2 7 1 8 0 b. What is the profit-maximizing level of output? units c. What price will the monopolist charge to maximize profits? $ 7 8

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Question

Chapter 8, Problem 9P

To determine

In 2014, the largest exported good (in dollars) for the United States, the value of exports for “Planes Helicopters and or Space-crafts and the largest imported goods for the United States.

In 2014, the largest exported good for Brazil, the value of exports for “Planes, Helicopters and or spacecraft’s” and the largest imported goods in Brazil.

The total value of Brazilian exports to the United States, Brazil’s largest exported good (in dollars) compared to the United States, the types of goods that Brazil generally exports to the United States and the value of exports related to “Planes, Helicopters and or Spacecraft”

The total value of exports from the United States to Brazil, the United States largest export to Brazil in dollars, the types of goods that the United States exports to Brazil and the value of exports related to “Planes, Helicopters, and Spacecrafts”

Concept Introduction:

The OEC stands for observatory of economic complexity; it is an online resource for international trade data and economic complexity indicators available through interactive visualizations of countries and products.

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The table below presents the demand schedule and marginal costs facing a monopolist producer. a. Fill in the total revenue and marginal revenue columns. Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Leave no cells blank. Enter 0 if appropriate. Q 0 P ($) 8 TR ($) 0 MR ($) MC ($) 1 7 2 6 3 5 1 2 3 4 4 4 5 5 3 6 6 2 7 1 8 0 b. What is the profit-maximizing level of output? units c. What price will the monopolist charge to maximize profits? $ 7 8

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1. Lisa has $48 per week set aside for coffees (x) and lunches (z). The price of coffee is $4 and lunches are $6. What is Lisa's budget line equation (with z on the left-hand side)? Graph the budget line, and show how it changes when the price of lunches rise to $8 (including intercepts). What is the new budget line equation? 2. Suppose utility for a consumer of movies (x) and golf (z) is U = 20x0.420.5. The consumer has set aside $1000 to consumer movies and golf for a year. a. If the price of movies is $20 and the price of golf is $40, what is the utility-maximizing consumption of movies and golf? b. Show the optimal consumption bundle on a graph, showing a budget line (with intercepts), a tangent indifference curve, and the optimal choice. 3. Sam has set aside $480 for entertainment this month, which is golf (x) and/or bowling (z). A round of golf is $40 and a night of bowling is $30. His utility function is U = 3x + 2z. a. What is his MRS? b. Solve for the optimal choice of golf…