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LG, a South Korea firm, exports small touchpads. Let's assume they cost 155,000 Won to produce. In the U.S. they can sell these processors to
LG, a South Korea firm, exports small touchpads. Let's assume they cost 155,000 Won to produce. In the U.S. they can sell these processors to Amazon and US retailers for $150.
How much money could the firm make in profit (or loss) at the following exchange rates per unit:
(1) 1200 Won per Dollar
(2) 0.0009 Dollars per Won
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