Which hotel room is cheaper to a u.s. tourist

Reference no: EM131347387

Suppose the U.S. dollar price of a British pound is $1.50; the dollar price of a euro is $.90; a hotel room in London, England, costs 120 British pounds; and a comparable hotel room in Hanover, Germany, costs 220 euros.

a. Which hotel room is cheaper to a U.S. tourist?

b. What is the exchange rate between the euro and the British pound?

Reference no: EM131347387

Questions Cloud

Identify the categorical and numerical variables in dataset : Identify the categorical and numerical variables (also known as qualitative and quantitative variables) in the dataset. (If your dataset does not have both types of variables, please pick an additional dataset.)

What is the result of the cartel : What would you predict would happen to the economic profits of the drug dealer? Suppose the families in South America form a cartel. What is the result of the cartel?

What was so important about this new world across atlantic : "The discovery of America, and that of the passage to the East Indies by the Cape of Good Hope, are the two greatest events recorded in the history of [human] kind"-Adam Smith, in The Wealth of Nations, 1776. Think about why he and many other nota..

Prepare a statement showing the incremental cash flows : Prepare a statement showing the incremental cash flows of the project relevant to a decision concerning whether or not to proceed with the construction of the new plant.

Which hotel room is cheaper to a u.s. tourist : Suppose the U.S. dollar price of a British pound is $1.50; the dollar price of a euro is $.90; a hotel room in London, England, costs 120 British pounds; and a comparable hotel room in Hanover, Germany, costs 220 euros.

What contribute to effective or executable statement of work : How does the procurement and contracting process or function support the overall project and program or company objectives? What contributes to an effective and executable statement of work?

How is it counted in this year’s gdp and not next year’s : Why has nominal GDP increased faster than real GDP in the United States over time? What would it mean if an economy had real GDP increasing faster than nominal GDP?

What is the national income for this economy : What is the gross investment in this economy?

Write a response about the given post : There are many reasons that caused world war one. But the direct reason the started world war one was the assassination of Franz Ferdinand! Germany was a main cause of starting the First World War or "Great war". Nationalism, money, colonial rival..

User Account

All Pages