27 120
Assignments Done
98,1%
Successfully Done
In May 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.
Get a free quote.
Check the website
 Easy as ABC! Just provide us with clear instructions and wait for the completed assignment.

# 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

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 2012-12-14 20:53:52 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. 2013-03-13 20:55:40 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.

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.

## Share with friends

More subjects:
The service was satisfactory, in that I am placing another order.
However, the fact that I placed the order two weeks prior to it being due and found out after the due date that it would not be delivered was a bit upsetting.
But, the prompt attention of your staff in rectifying that and re-delivering the product with quick turnaround after my e-mail was good customer service.
Hence, I am in the process of placing another order with you.

Mark Lewis on April 2014
Pay us safely via PayPal
We deliver professional assignment and homework help for students in USA, UK, Canada, Australia, AE and all over the world.