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Microeconomics:
4th Edition
ISBN: 9781464143878
Author: Paul Krugman
Publisher: Worth Publishers
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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.
Expert Solution & Answer
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Students have asked these similar questions
Stealth bank has deposits of $700 million. It holds reserves of $20 million and has purchased government bonds worth $350 million. The banks loans, if sold at current market value, would be worth $600 million.
What is the total value of Stealth bank's assets?
I believe my calculation of 1.3 billion may be incorrect
May I have my work checked please
The following graph shows the downward-sloping demand curve for Oiram-46, a monopolist producing unique magic hats. The graph also shows
Oiram-46's marginal revenue curve and its average total cost curve.
On the following graph, use the orange point (square symbol) to indicate the profit-maximizing quantity. Use the blue point (circle symbol) to indicate
the profit-maximizing price. Use the purple point (diamond symbol) to indicate the average total cost. Use the tan rectangle (dash symbol) to show
Oiram-46's total revenue and the grey rectangle (star symbol) to show its total cost.
PRICE (Dollars per magic hat)
2
0
20
Marginal Cost
18
ATC
16
Profit-Maximizing Quantity
14
12
Profit-Maximizing Price
MC
8
Demand
02 4 6 8 10 12 14 16 18 20
QUANTITY (Magic hats per week)
Based on the graph, Oiram-46's profit is equal to 5
TOTAL SCORE: 1/4
Average Total Cost
Total Revenue
Total Cost
Grade Step 2
(to complete this step and unlock the next step)
Explain information regarding the effective interest rates being charged and how much higher the rent-to-own stores’ cash price exceeded the price of the identical item at a reputable retail outlet.
Knowledge Booster
Similar questions
- How can Rent-to-own industries avoid the restrictions on interest rates? Explain.arrow_forwardExplain why rent-to-own operations are so attractive to so many people compared to saving the money to buy the desired item or going to a thrift store to acquire the item?arrow_forwardExplain the business practices of the rent-to-own industry.arrow_forward
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