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REY [17]
3 years ago
6

Bob likes to buy and sell things. Assume Bob made the following transactions: he bought an antique for $300 and sold it for $500

; he bought shares of stocks for $1,000 and sold the shares for $500; and he bought a car for $9,500 and sold it for $9,800. Overall, Bob:______.A. Made a gain.B. Incurred a loss.C. Broke even.D. Earned a $200 dividend.
Business
1 answer:
Arisa [49]3 years ago
8 0

Answer:

Broke even

Explanation:

Since it is given that

The antique bought at $300 and it sold for $500 so it reflects the profit of $200 as sale price is more than the purchase price

The shares of stock bought for $1,000 and it sold for $500 that reflects the loss of $500 as purchase price is more than the sale price

Now if the car is bought for $9,500 and the car sold for $9,800 that reflects the profit of $300  as sale price is more than the purchase price

So, the total profit is $500 and the total loss is $500.

Therefore, this is a break even where there is no loss or no gain

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Assume that the price per ton of oranges in the international market is $810 and equilibrium is established at the price of $900 for 120 tons.

Answer:

If Bangladesh is open to international trade in oranges without any restrictions, it will ____import____ tons of oranges. Suppose the Bangladeshi government wants to reduce imports to exactly 120 tons of oranges to help domestic producers. A tariff of ____$90____ per ton will achieve this.  A tariff set at this level would raise $___10,800______ in revenue for the Bangladeshi government.

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