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Before After Price per bottle (USD) $10 $9 Production expenses per= bottle (pesos) 30 pesos 30 pesos Bottles sold 1 million 1.2 million Profits in

Before After Price

per bottle (USD) $10 $9

Production expenses per= bottle (pesos) 30 pesos 30 pesos

Bottles sold 1 million 1.2 million

Profits in pesos 20 million x

Exchange rate pesos: USD 5:1 7:1

Find the x value for an Argentine company selling wine in the U.S. The "before" scenario is before the Argentine peso weakened and the company lowered its USD price. The "after" scenario reflects more bottles sold with a lower per bottle price in USD.

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