28 316
Assignments Done
98,7%
Successfully Done
In July 2015
Your physics homework can be a real challenge, and the due date can be really close - feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world's newest programming trends.

Answer on Economics of Enterprise Question for LaMarcus Streeter

Question #7227
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
Expert's answer

Answer

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.

Comments

Assignment Expert
10.04.2014, 09:18

Assignment Expert
10.04.2014, 08:55

Assignment Expert
20.06.2013, 07:42

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

DTM
19.06.2013, 23:32

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

CB
13.03.2013, 20:55

TJN, you are wrong. It is asking for the price in Swiss Francs. Your scenario would yield how many Swiss Francs you can get for $750. The correct answer is B.

TJN
14.12.2012, 20:53

the math here does not pass the common sense test. 1 US dollar = to 1.65 Francs. As there are more francs to the dollar, the equivalent number of Francs must be greater than dollars. Therefore, the appropriate math should be:

1 US Dollar / 1.65 Swiss Francs = 750 US Dollars / X Swiss Francs

X = 1.65 * 750

1237.50 Swiss Francs.

The correct answer is therefore D.

Leave a comment

Ask Your question

Link to us

Share with friends

free questions
Questions and Answers
approved by clients
Outstanding on all...thanks
Kevin on July 2013
solving policy
solving policy
satisfaction
guarantee
paypal
Pay us safely via PayPalPayPal
We deliver professional assignment and homework help for students in USA, UK, Canada, Australia, AE and all over the world.
Terms and Conditions | Privacy Policy | Service
© 2015 BrainRouter LTD. All rights reserved.