How much would you now pay for big mac

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a) Suppose than on Monday a Big Mac cost $3.00 if the exchange rate is $1 to 85 yen how much do you need to buy a big mac cost in Japan?

b) You waited too long before buying your big mac in Japan and then dollar depreciated by 5%. How much would you now pay for big mac?

Reference no: EM13984242

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