A telecommunications company in Vancouver hired an outsourced support team of 50 people from Italy. It paid

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A telecommunications company in Vancouver hired an outsourced support team of 50 people from Italy. It paid them 20,000 per person this year. If the exchange rate changes from C$1 = 0.6903 to C$1 = 0.6722 next year, calculate the number of people the telecommunications company can afford to hire for the support job. Assume that the cost to hire the people remains the same and the telecommunications company's yearly budget to hire people next year is the same as this year.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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