Suppose you and several classmates are a marketing team assembled by your Brazil-based firm to estimate demand

Question:

Suppose you and several classmates are a marketing team assembled by your Brazil-based firm to estimate demand in the U.S. market for its newly developed product. The market research firm you hired requires $150,000 to perform a thorough study. But your group is informed that the total research budget for the year is 3 million Brazilian real and that no more than 20 percent of the budget can be spent on any one project.
(a.) If the current is 5 real/$, will you have the market study conducted? Why or why not?
(b.) If the changes to 3 real/$, will you have the study conducted? Why or why not?
(c.) At what do you change your decision from rejecting the proposed research project to accepting the project?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...