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SHORT ANSWER (100-150 words) (7) An American pharmaceutical firm wants to export to Kenya without violating the Anti-Dumping statute. That is, the price of
SHORT ANSWER (100-150 words) (7) An American pharmaceutical firm wants to export to Kenya without violating the Anti-Dumping statute. That is, the price of the drug cannot be less than the total cost. The drug is first sold in the US domestic market, and then Kenya is considered. Given the following data, what is the minimum price that the firm has to charge to Kenya consumers? How many maximum units can be sold to Kenya per week? Please show how you arrived at your Answer. (3 points) Fixed Cost: $200,000 Variable Cost: $10 Total Weekly Manufacturing Capacity: 50,000 units US Domestic Sales: 25,000 units US Domestic Price: 20 per unit Number of units to be sold in UK: 25,000 units
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