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Determine the optimal product price inyen

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Reference no: EM13891821

Currently, the exchange rate is 100 yen per dollar. In Japan, we sell a product that costs $5 to produce for 700 yen. The product has an elasticity of -3.

For exchange rates varying from 70 to 130 yen per dollar, determine the optimal product price inyen and the profit in dollars. I need the information in excel and the varying currencies in excel slover

Reference no: EM13891821

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