10 Currently, the exchange rate is 100 yen per dollar. In Japan, we sell a product that...

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10 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 in Japan and the profit in dollars. Assume a linear demand curve. Current demand is assumed to equal 100.

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