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The income of the consumer andpriceof other good is held constant. When there is a fall in thepriceof one good say commodity A, the consumer purchases more of that good than before. Apricechange causes the budgetlineto rotate about point L fig. 3.10 (b). It becomes flatter and give thenewbudgetlinefrom LM / to LM 2
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In 2018,Indonesiaexported $197B and imported $180B, resulting in a positive trade balance of $17.4B. In 2018,Indonesia's exports per capita were $737 and its imports per capita were $672. Trade: The top exports ofIndonesiaare Coal Briquettes ($22.1B), Palm Oil ($16.7B), Petroleum Gas ($10.8B), Crude Petroleum ($5.52B), and Rubber ($4.41B)
The recovery in mining output along with higheriron ore pricesdrove a strong rebound in the proforma adjusted EBITDA to $6.2 billion, up 28.9% y/y and nearly 74% higher q/q. The average realized
MineralResources are notMineralReserves and do not have demonstratedeconomicviability. UndergroundMineralResources are reported at a cut-off grade of 3.5 g/t Au. Cut-off grades are based on apriceof US$1,250/oz gold, US$16/oz silver, and a number of operating cost and recovery assumptions, plus a contingency
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