You're traveling in Japan and are thinking about buying a new kimono. You've decided you'd be willing to pay $175 for a new kimono, but kimonos in Japan are all priced in yen. If the exchange rate is 89 yen per dollar, what is the highest price in yen

you'd be willing to pay for a kimono? (Assume no taxes or duties are associated with the purchase.)

A) 1.97 yen
B) 330.75 yen
C) 15,575 yen
D) 19,425 yen

Answer: C

Economics

You might also like to view...

Over a twenty-five year period, about half of the merger acquisitions are split up

Indicate whether the statement is true or false

View
Economics

Which of the following goods is most likely to be over consumed? Fish in:

A. a pet store B. the grocery store C. the ocean D. a fishery

View
Economics