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Kindly use excel to develop the graph and show all steps. An entrepreneur identifies a product that she knows will sell like crazy if she
Kindly use excel to develop the graph and show all steps.
An entrepreneur identifies a product that she knows will sell like crazy if she can only figure out a way to bring it to her area. The idea is so fantastic that I can't tell you what it is, so we will just refer to it as X. The entrepreneur has identified four ways to bring X to the masses; she can import it, she can smuggle it, she can try to produce it on her own, and she can have a local reputable producer make it for her. The fixed and variable costs for each of these alternatives are shown below. Develop a graph showing the ideal alternative across a range of demand that reflects all decision points. Produce Outsource Fixed Cost Variable Cost Import $25,000 $30 $500,000 $10 Smuggle $200,000 $15 $0 $37 An entrepreneur identifies a product that she knows will sell like crazy if she can only figure out a way to bring it to her area. The idea is so fantastic that I can't tell you what it is, so we will just refer to it as X. The entrepreneur has identified four ways to bring X to the masses; she can import it, she can smuggle it, she can try to produce it on her own, and she can have a local reputable producer make it for her. The fixed and variable costs for each of these alternatives are shown below. Develop a graph showing the ideal alternative across a range of demand that reflects all decision points. Produce Outsource Fixed Cost Variable Cost Import $25,000 $30 $500,000 $10 Smuggle $200,000 $15 $0 $37Step by Step Solution
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