Economics (MindTap Course List)
Economics (MindTap Course List)
If the exchange rate is 0.08 = 1MXN, what is the cost in dollars of a Mexican table priced at 500 pesos?
The cost in dollars of a Mexican good.
The exchange rate 0.08 dollar is equal to 1 peso. Â The value of 500 pesos in termed of dollar (EXD500) is calculated as follows.
Chapter 34 Solutions
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