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ilippines u're the manager of global opportunities for a U.S. manufacturer that is considering expanding sales into Asia. Your market res e market potential in Malaysia, the Philippines, and Singapore as described in the following table: Malaysia Probability Units Philippines Probability Units Singapore Probability Units Big Success Level 0.3 1,300,000 0.7 1,100,000 Mediocre Failure 0.2 650,000 0.1 352,000 0.4 0.3 800,000 480,000 0.5 0 0.2 0 0.3 0 e product sells for $30, and each unit has a constant marginal cost of $24. Assume that the (fixed) cost of entering the market arket you select) is $750,000.

ilippines u're the manager of global opportunities for a U.S. manufacturer that is considering expanding sales into Asia. Your market res e market potential in Malaysia, the Philippines, and Singapore as described in the following table: Malaysia Probability Units Philippines Probability Units Singapore Probability Units Big Success Level 0.3 1,300,000 0.7 1,100,000 Mediocre Failure 0.2 650,000 0.1 352,000 0.4 0.3 800,000 480,000 0.5 0 0.2 0 0.3 0 e product sells for $30, and each unit has a constant marginal cost of $24. Assume that the (fixed) cost of entering the market arket you select) is $750,000.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Philippines You're the manager of global opportunities for a U.S. manufacturer that is considering expanding sales into Asia. Your market research has identified the market potential in Malaysia, the Philippines, and Singapore as described in the following table: Malaysia Probability Units Philippines Probability Units Singapore Probability Units Big Success Level Mediocre 0.3 1,300,000 0.7 1,100,000 0.2 650,000 0.1 352,000 0.4 0.3 800,000 480,000 Failure 0.5 0 0.2 0 0.3 0 The product sells for $30, and each unit has a constant marginal cost of $24. Assume that the (fixed) cost of entering the market (regardless of which market you select) is $750,000.
Transcribed Image Text:Philippines You're the manager of global opportunities for a U.S. manufacturer that is considering expanding sales into Asia. Your market research has identified the market potential in Malaysia, the Philippines, and Singapore as described in the following table: Malaysia Probability Units Philippines Probability Units Singapore Probability Units Big Success Level Mediocre 0.3 1,300,000 0.7 1,100,000 0.2 650,000 0.1 352,000 0.4 0.3 800,000 480,000 Failure 0.5 0 0.2 0 0.3 0 The product sells for $30, and each unit has a constant marginal cost of $24. Assume that the (fixed) cost of entering the market (regardless of which market you select) is $750,000.
In the following table, enter the expected number of units sold, and the expected profit, from entering each market. Expected Profit Market Expected Number of Units Sold Malaysia Philippines Singapore If you were to enter one of the previously described markets, which one would you enter in order to earn the highest expected profit? Malaysia Philippines $ $ $ Singapore
Transcribed Image Text:In the following table, enter the expected number of units sold, and the expected profit, from entering each market. Expected Profit Market Expected Number of Units Sold Malaysia Philippines Singapore If you were to enter one of the previously described markets, which one would you enter in order to earn the highest expected profit? Malaysia Philippines $ $ $ Singapore
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