A popular brand of coffee in New York—at least in the affluent neighborhoods of Manhattan—is Illy. Illy is an Italian brand of coffee. Coffee cannot be grown in Italy because the climate of the country does not permit it. Instead, representatives of the company buy coffee beans in select countries of Latin America, ship the bagged beans to Italy, where they are sorted, roasted, ground (usually), packaged, and then shipped world-wide, including to New York, and, even, to cities throughout Latin America. A can of Illy coffee contains 8.8 ounces of coffee and usually sells in New York for $13.99. Find the current price of coffee on the international market. (Coffee prices are usually quoted for 100 pounds, but it should thus be easy for you to calculate the price per pound of coffee.) Compute the “value” of the coffee in the Illy can, and then compute the amount of the selling price of the can that goes to 1) Latin American producers of the coffee, and 2) the amount that goes to the Italians who package it and the Americans who sell it. You may “round” numbers to simplify your calculations.
Many like to add sugar to their coffee. In affluent neighborhoods of Manhattan, it is common to use sugar cubes. The Food Emporium on Madison Avenue and 87th Street sells only one brand of sugar cubes: La Perruche. The box contains 1.1 pounds of pure cane sugar. It is imported from France and sells for $6.99. Sugar cane cannot be grown in France because the climate of the country does not permit it. Instead, representatives of the company buy cane sugar from countries in Latin America and Africa. The cane sugar is shipped to France, where it is pressed into cubes (not a difficult or expensive task), and then shipped world-wide, including to New York. Ascertain the price of sugar on the international market. Compute the “value” of the sugar in the La Perruche box, and then compute the amount of the selling price of the box that goes to 1) Latin American or African producers of sugar, and 2) the amount that goes to the French who package it and the Americans who sell it. Again, you may “round” numbers to simplify your calculations.
Illy is the surname of the family that owns the company. La Perruche is the French word for parakeet.
Do your calculations suggest the international economy is fair or unfair?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more