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# Economics:  Economics of Enterprise Economics of Enterprise Question #7227 from LaMarcus Streeter

4. A product sells for \$750 in the United States. The exchange rate is \$1 to 1.65 Swiss francs. If purchasing power parity (PPP) holds, what is the price of the product in Switzerland? a. 123.75 Swiss francs b. 454.55 Swiss francs c. 750.00 Swiss francs d. 1,237.50 Swiss francs e. 1,650.00 Swiss francs

Answer d. is correct. let's see.

We know that \$1 = 1.65 Swiss francs
Also \$ 750 =
X Swiss francs where X is unknown. To find it we obtain the following equation:

X= \$750*1.65/1 =1237,5 Swiss francs.

2013-06-19 23:32:12

TJN is right and CB is wrong, trust me, I just had my HW graded and I used TJN's answer.

2013-06-20 07:42:21

Dear visitors, thanks for pointing out our mistake! which is now corrected. Correct answer is d.