An exporter offered a price by USD 500 M/T CIF New York. If the freight costs is USD 30 per M/T, and insurance premium is USD 2 per M/T, the purchasing price of the product is RMB 3000 per M/T, the domestic direct and indirect costs per M/T will be account for 15% of purchasing price, please calculate

An exporter offered a price by USD 500 M/T CIF New York. If the freight costs is USD 30 per M/T, and insurance premium is USD 2 per M/T, the purchasing price of the product is RMB 3000 per M/T, the domestic direct and indirect costs per M/T will be account for 15% of purchasing price, please calculate

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter34: Globalization And Protectionism

Section: Chapter Questions

Problem 46CTQ: Is it legitimate to impose higher safety standards on imported goods that exist in the foreign...

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