Answer:
=4/7 cans of Belgium coffee for one can of US coffee
Explanation:
Cost of 1 can of coffee in US = $5
Cost of similar can of coffee in Belgium = EURO 7
Real Exchange Rate (Euro/$) =
Nominal Exchange rate × 
= 0.8 × 5/7
=4/7 cans of Belgium coffee per can of US coffee
Nominal exchange rate refers to the exchange rate between two countries which is not adjusted for inflation.
Nominal exchange rate when adjusted for inflation is known as real exchange rate.
Real rate = Nominal rate - Inflation rate
Answer: Budgeted Raw Material to be consumed in July.
Quantity Price per pound Total
10,200 $6 $61,200
Explanation:
As for the information provided, the material at month end in hand shall be:
20% of upcoming month's sale.
If in June at month end, the inventory in hand = 2,040 pounds of raw material.
Then, this represents 20% of total requirement of July.
Therefore, total requirement in July = 
This basically means:
Total inventory required =
Quantity Price per pound Total
10,200 $6 $61,200
<span>They range from $30 to $750 a year. Investor services assist people with transactions, safekeeping for assets, manage collateral, and help with financial investment activities. These services can help a person or business reduce the costs that they are paying out and assess their financial risks.</span>
Answer:
Equilibrium Price - 3
Equilibrium Quantity - 3
Explanation:
The price at which there will be equilibrium in the chocolate market is 3 units while the corresponding quantity is also 3 units.
<u>The equilibrium price and quantity represents the price and quantity where the demand for a product is equal to the supply for the same product respectively.</u>
<em>In the graph, the point of intersection of the demand and the supply curve represents the equilibrium point. At this point, the price on the Y axis is 3 units while the corresponding quantity on the X axis is also 3 units.</em>
<span>A country would want a trade surplus rather than a trade deficit because trade surplus is better. In order to have a trade surplus, a country must export (sell) more than it imports (buys).</span>
