Questions: export 100 units export 400 units export 500 units export 600 units Multiple Choice When the world price for this product is 0.50, Marketopia will: Price 2.50 2.00 1.50 1.00 0.50 0 100 200 300 400 500 600 700 Quantity

export 100 units export 400 units export 500 units export 600 units Multiple Choice When the world price for this product is 0.50, Marketopia will: Price 2.50 2.00 1.50 1.00 0.50 0 100 200 300 400 500 600 700 Quantity
Transcript text: export 100 units export 400 units export 500 units export 600 units Multiple Choice When the world price for this product is $0.50, Marketopia will: Price $2.50 $2.00 $1.50 $1.00 $0.50 0 100 200 300 400 500 600 700 Quantity
failed

Solution

failed
failed

Solution Steps

Step 1: Find the domestic quantity supplied at the world price

At a world price of $0.50, the domestic supply is 100 units.

Step 2: Find the domestic quantity demanded at the world price

At a price of $0.50, domestic demand is 600 units.

Step 3: Calculate the difference

Since domestic demand (600 units) exceeds domestic supply (100 units) at the world price, Marketopia will import the difference. The difference is 600 - 100 = 500 units.

Final Answer

\\(\boxed{\text{import 500 units}}\\)

Was this solution helpful?
failed
Unhelpful
failed
Helpful

Questions asked by other users

failedAnswered
A nondegenerate conic section in the form Ax^2 + Cy^2 + Dx + Ey + F = 0, in which A and C are not both zero is Answer if A=C. Answer if AC=0, Answer if A ≠ C and AC>0, Answer if AC<0 - a hyperbola - a circle - a parabola - an ellipse
failedAnswered
True or False: TikTok's US market has a predominantly male user base
failedAnswered
An economy consists of three workers: Jake; Nick, and Tim. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Jake can either mow 1 lawn or wash 1 car; Nick can either mow 1 lawn or wash 2 cars; and Tim can either mow 2 lawns or wash 1 car. For each of the scenarios listed in the following table, determine how many lawns will be mowed and how many cars will be washed per day and enter these values into the corresponding row. All three spend all their time mowing lawns. (A) All three spend all their time washing cars. (B) All three spend half their time on each activity. (C) Jake spends half his time on each activity, while Nick only washes cars and Tim only mows lawns. (D)
failedAnswered
Which of the following is another name for a firewall that performs router functions? Dual-homed gateway Screening router Screened subnet Screened-host gateway
failedAnswered
MATCHING (Each worth 1/2 point) Use the answer choices in the box on the right for this portion of the quiz. Each choice will only be used once but not all choices will be used. Choose the BEST answer. 1. The amount of blood in each ventricle at the end of ventricular diastole 2. The amount of blood remaining in each ventricle at the end of ventricular systole 3. The percent of the EDV represented by SV 4. This equals HR * SV 5. The amount of blood pumped out of each ventricle during a single contraction 6. This is the degree of stretching experienced by ventricular muscle cells during ventricular diastole 7. This is the force produced during a contraction at a given preload 8. This is the normal value for SV Cardiac Function Calculations: Show your work (including the equations that you use). 9. What is the average value for cardiac output at rest? L/min. Do you think CO would change with exercise? How? Why?