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Samsung, a South Korea firm, exports microchips. Let's assume some of their specialized processors meant for the US auto industry cost 85,000 Won to produce.
Samsung, a South Korea firm, exports microchips. Let's assume some of their specialized processors meant for the US auto industry cost 85,000 Won to produce. In the U.S. they can sell these processors to U.S. automakers for $90.
How much money could Samsung make in profit (or loss) at the following exchange rates per chip:
(1) 1100 Won per Dollar
(2) 0.0011 Dollars per Won
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