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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=$

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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Cant figure out last part plz help

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
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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