Consider a firm that sells its product in both the U.S. and the UK. U.S. demand is for 12,000 units, and the U.S. production capacity is 17,000 units. Demand in the UK, is for 8,000 units, and the U.K. production capacity is 12,000 units. Production cost in the U.S. is $3.3, and production cost in the U.K. is £7. The current exchange rate is $1.23= £1. The shipping cost is $1.1 per unit for a units shipped between the two countries. Sales prices equate to $110 in each country. a) How many should be made in each country? U.S. 17000 units UK 3000 units. b) How much is the profit for each country? U.S. Profit = $ 1280400 (round your response to the nearest dollar) (round your response to the nearest dollar) U.K. Profit=$
Consider a firm that sells its product in both the U.S. and the UK. U.S. demand is for 12,000 units, and the U.S. production capacity is 17,000 units. Demand in the UK, is for 8,000 units, and the U.K. production capacity is 12,000 units. Production cost in the U.S. is $3.3, and production cost in the U.K. is £7. The current exchange rate is $1.23= £1. The shipping cost is $1.1 per unit for a units shipped between the two countries. Sales prices equate to $110 in each country. a) How many should be made in each country? U.S. 17000 units UK 3000 units. b) How much is the profit for each country? U.S. Profit = $ 1280400 (round your response to the nearest dollar) (round your response to the nearest dollar) U.K. Profit=$
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Cant figure out last part plz help
Transcribed Image Text:Consider a firm that sells its product in both the U.S. and the UK. U.S. demand is for 12,000 units, and the U.S. production capacity is 17,000 units. Demand in the UK, is for 8,000 units, and the
U.K. production capacity is 12,000 units. Production cost in the U.S. is $3.3, and production cost in the U.K. is £7. The current exchange rate is $1.23= £1. The shipping cost is $1.1 per unit for any
units shipped between the two countries. Sales prices equate to $110 in each country.
a) How many should be made in each country?
U.S. 17000 units
UK 3000 units.
b) How much is the profit for each country?
U.S. Profit = $ 1280400 (round your response to the nearest dollar)
U.K. Profit=$ (round your response to the nearest dollar)
C
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