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jenyasd209 [6]
2 years ago
14

Purchasing-power parity holds between the nations of Ectenia and Wiknam, where the only commodity is Spam. a. In 2015, a can of

Spam costs 4 dollars in Ectenia and 24 pesos in Wiknam. What is the exchange rate between Ectenian dollars and Wiknamian pesos
Business
1 answer:
Y_Kistochka [10]2 years ago
5 0

Answer:

the exchange rate between two different currency is  6 pesos per dollar

Explanation:

The computation of the exchange rate between two different currency is

= Unit cost of spam in Wiknam ÷ unit cost of  spam in Ectenia

= 24 pesos ÷ 4 dollars

= 6 pesos per dollar

hence, the exchange rate between two different currency is  6 pesos per dollar

We simply applied the above formula so that the currency rate could come

And, the same is to be applied

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In order to determine average variable cost, the firm's variable costs are divided by the amount of output.

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4 0
2 years ago
What’s behind gas prices
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taxes

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3 0
2 years ago
Read 2 more answers
If a good is normal, then an increase in income will result in a(n) a. increase in the demand for the good. b. decrease in the d
andrew11 [14]

Answer:

a. increase in the demand for the good.

Explanation:

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3 years ago
After you record your business transactions what is the next step in the process of turning this data into useful information?
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2 years ago
Shondee Corporation uses the lower of cost or market and FIFO inventory methods. At the end of 2018, the FIFO cost of the ending
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Answer:

reported as income for all three years   is $7,000

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8 0
3 years ago
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