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How would the results of problem one alter, f we additionally had additional sales to China, and the renminbi revalued against the rupee by 10%
How would the results of problem one alter, f we additionally had additional sales to China, and the renminbi revalued against the rupee by 10% yearly for the next 6 years? Presuppose the volume of sales in China are double what they are in India in the beginning. Also, presuppose the price elasticity of demand is - 3 for the product in China. Presuppose secondly the expenses are incurred in rupees.
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