Question

You read about a new invention in Techtopia. You consider traveling there instead. How much would your $100 be in Techtopian dollars? (PLEASE show work!)

Answer 1

Answer:

3. 40,000 TPA

4. i. The amount needed to buy the part in both Techtopia and Crosswater is 1 USD

ii. To reduce cost, one should travel to a location that has the lowest transport cost

Explanation:

The given parameters are;

200 TPA = USD, and 1,000 CSW = USD

3. The value of $100 in Techtopian dollars is given by multiplying the $100 by the exchange rate of 200 TPA per USD

Therefore, $100 = 200 TPA per USD × $200 = 40,000 TPA

The $100 = 40,000 TPA

4. i. The cost of the part in Techtopia = 200 TPA = 1 USD

The cost of the part in Crosswater = 1,000 CSW = 1 USD

Therefore, the amount in dollars needed to buy the part in each country = 1 USD

ii) Given that the cost of the part is the same in both locations, to minimize cost, it is best to travel to a location with the lowest transport cost to by the part