Question: Solve in Excel using the Solver Feature and provided detailed steps that are easy to follow throughout the process. A prescription drug is produced in

Solve in Excel using the Solver Feature and provided detailed steps that are easy to follow throughout the process.

A prescription drug is produced in the United States and sold internationally. Each unit of the drug costs $60 to produce. In the German market, you sell the drug for 150 euros per unit. The current exchange rate is 0.667 U.S. dollars per euro. Current demand for the drug is 100 units, and the estimated elasticity is 2.5. Assuming a linear demand curve, determine the appropriate sales price (in euros) for the drug.

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