Answer:
13.50 is the answer
Step-by-step explanation:
40.50/3=13.50
Answer:
-k-h/r-s
When solving the goal is to get x on one side and not x on the other.
rx + h = sx - k
rx - sx + h = -k <------- subtract sx from both sides
rx - sx = -k - h <-------subtract h from both sides
x (r - s) = -k -h <------factor out x which is in both rx and sx
x = - k - h / r - s <-------divide by r-s on both sides
The nominal exchange rate (NER) is given by:
NER = RER × (foreign price / US price)
= 3/4 × ( 6 / 3)
= 3/2
In fact, with 1$ you can buy 1/3 of a US gallon, which corresponds to 1/4 of a foreigner gallon, which you would pay 3/2units.
Hence, the correct answer is a) <span>3/2 units of country A's currency per dollar.</span>