The exchange rate between yen and dollars at one point in 2010 was 83 yen per dollar. If a Big Mac, fries, and a Coke cost $3.91 in San Francisco, how much should the same order cost in yen in Osaka?
A. 0.03
B. 325
C. 392
D. 422
Answer: B
Economics
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The maximum price that a consumer is willing to pay for each unit bought is the ________ price
A) market B) reservation C) consumer surplus D) auction E) choke
Economics
The learning curve is graphically represented as a plot of:
A) labor per unit on the horizontal axis and total cost on the vertical axis. B) labor per unit on the horizontal axis and total number of units produced on the vertical axis. C) total cost on the vertical axis and total number of units produced on the horizontal axis. D) labor per unit on the vertical axis and cumulative number of units produced on the horizontal axis.
Economics