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Author Question: A widget costs 1000 in the US and CAD1200 in Canada. The current exchange rate is 1USD=1.09CAD. ... (Read 67 times)

krzymel

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on: Jul 1, 2018
A widget costs 1000 in the US and CAD1200 in Canada. The current exchange rate is 1USD=1.09CAD. Given purchasing power parity, the Canadian dollar would_______to equilibrate prices
 a. Appreciate
 b. Depreciate
 c. Not change
 d. None of the above

Question 2

What is the average total cost of hiring the 7th worker?
 a. 400
  b. 800
  c. 1200
  d. 1600


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canderson530

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


krzymel

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

Joy Chen

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Reply 3 on: Yesterday
Excellent

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