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Please answer. thanks 8. Longhorn Co. produces hospital equipment. All of its revenues are in US dollars, and half of its expenses require outflows in
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8. Longhorn Co. produces hospital equipment. All of its revenues are in US dollars, and half of its expenses require outflows in Philippine pesos to pay for Philippine materials. Most of Longhorn's competition is from US firms that have no international business at all. Why will Longhorn's profit be likely to decrease if the peso strengthens relative to the dollarStep by Step Solution
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