Business, 18.03.2021 01:20 fancycar14

The investor decided to sell a combination of his/her collected Euro, Canadian Dollar and Bitcoin currencies. In exchange, (s)he will receive US dollars. However there are fair trade limitations in North America. According to these limitations, you can only make a single transaction daily. In that transaction, the limitation for these 3 currencies are as follows. You can sell at most 10 Bitcoins a dayYou can sell at most 500 Euros a dayYou can sell at most 1000 Canadian Dollars a dayThe Canadian dollars to sell must be less than or equal to Euros to sellAltogether, you can sell at most a total number of 1500 currenciesAssuming that the closing currency rates of Feb 15th 2021 are valid when the investor performs the selling transaction, how many Euros, Canadian dollars and Bitcoins should the investor sell to maximize his/her profit in terms of US dollars?Define your decision variables, the objective function, constraints and interpret the result. What is the revenue in US dollars from this transaction?If the investor wants to write to his/her congress representative to place a new policy to increase the bounds of the fair trade by a single unit in one of these 3 currencies, which currency (s)he should choose? Justify your answer with evidence. Use yahoo finance to find the closed currency rate (weekly) Bitcoin=(BTC-USD)Canadian Dollar Futures, Mar-202 (6C=F)EUR/USD (EURUSD=X)

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