PLEASE DO IT IN EXCEL AND SHOW FORMULA TEXT

In the exchange rate model in Example 7.2, suppose

the company continues to manufacture its product in

the United States, but now it sells its product in the

United States, the United Kingdom, and possibly other

countries. The company can independently set its price

in each country where it sells. For example, the price

could be $150 in the United States and 110 in the

United Kingdom. You can assume that the demand

function in each country is of the constant elasticity

form, each with its own parameters. The question is

whether the company can use Solver independently in

each country to find the optimal price in this country.

(You should be able to answer this question without

actually running any Solver model(s), but you might

want to experiment, just to verify your reasoning.)

PLEASE DO IT IN EXCEL AND SHOW FORMULA TEXT