Formulate but Do Not Solve the Problem

question 29

Essay

Formulate but do not solve the problem.
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The Coffee Shoppe sells a coffee blend made from two coffees, one costing $3.00/lb and the other costing $1.50/lb. If the blended coffee sells for $2.10/lb, find how much of each coffee is used to obtain the desired blend. (Assume the weight of the blended coffee is 100 lb.)

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Definitions:

Net Capital Outflow

The difference between the domestic country's investments abroad and foreign investments in the domestic country over a specific period, representing the flow of capital across borders.

Net Exports

The net result of a country's international trade on its economic output, represented by its total exports less its total imports.

Net Capital Outflow

The difference between the domestic country's total investment abroad and foreign investments within the country, over a specific period of time.

Net Exports

The value of a country's total exports minus its total imports, representing the net value of goods and services being sold abroad.