What is the cross-rate implied by the following quotes? a. C$/$ = 1.5613, $/€ =1.0008 b. ¥/$ = 124.84, $/£=1.5720 c. SF/$ = 1.4706, C$/$ = 1.5613
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- 4. A company introduced a new product to the market in the first month of the year which was supported by the corresponding advertising campaign and showed steady growth in the following months. The initial price was set at a level of 30% above average cost (MK). The company's goal is to cover its overheads and achieve maximization in profits and that's why I'm wondering if the price of €7,5 is optimal. With the continuous growth of sales, the company conducted market research and found that the elasticity of demand towards the price is -3. The formula for calculating the demand elasticity to the price is given: ε T = [-MK/(T-MK)] - 1 Sales (tons) and cost (mm. (EUR) For the next 3 months they are estimated as follows: JANUARY FEBRUARY MARCH Sales (volume) 2.250 2.500 2.750 Raw materials €1.400 €1.550 €1.700 Work €3.350 €4.050 €4.950 Other industrial costs €3.000 €3.075 €3.150 Administrative expenses €2.150 €2.150…1. Evaluate the 2nd-order partial derivative, fa, of the function f(x, x2. x3) = + In(x2x3) X1 %3D at the point, (3, 2,0). f2 3D f23= fza(3,2,0) = 2. Find the first-order and second-order derivatives for the function f(x, y) = 2x2 - e ay fx 3= fy Sxx = fyy = fxy fyx=Martin Shrood purchased a vacant lot outside of London for £13,500, because he heard that a shopping mall was going to be built on the other side of the road. He figured that he could make a bundle by puttingin a fast-food outlet on the site. As it turned out, the rumor was false. A sanitary landfill was located on the other side of the road, and Martin’s land was worthless. (£ denotes the British monetary unit, pounds sterling.)*Required: With respect to the economic characteristics of costs, what type of cost is the £13,500 that Martin paid for the vacant lot?