Economics:
Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
Question
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Chapter 6, Problem 2E
To determine

(a)

A bicycle produced in the USA costs $200. The cost of producing that bicycle in Argentina, given

$1 = 6.16 peso

To determine

(b)

A bicycle produced in the USA costs $200. The cost of producing that bicycle in Britain, given

  $1 = 0.61 pounds  

To determine

(c)

A bicycle produced in the USA costs $200. The cost of producing that bicycle in Canada, given

  $1 = 1.06 Canadian dollar.

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