Question 16 1 pts The following table shows the number of U.S. dollars required

Question

Question 16 1 pts The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to buy one Japanese yen between June 1, 2016, and September 1, 2016, Use this table to answer the following questions Date June 1, 2016 July 1, 2016 August 1, 2016 September 1, 2016 U.S. Dollars Required to Buy 1 Mexican Peso 0.0536 0.0537 0.0541 0.0520 U.S. Dollars Required to Buy 1 Japanese Yen 0.0095 0.0096 0.0099 0.0098 On August 1, 2016, Carlos paid 800,000 Japanese yen for a solid gold iPhone case in Fukushima. Japan. Because he only had Mexican pesos, he needed to exchange his pesos at a nearby bank in order to get the 800,000 yen he used to pay for the iPhone case. The bank is able to buy and sell U.S. dollars, Mexican pesos, and Japanese yen at the exchange rates shown in the table. Approximately how much did the iPhone case cost Carlos in terms of Mexican pesos? 8,584 11,333 146,396 171,118 4.371,717

Explanation / Answer

Answer:- 1 Japanese Yen =0.0099 Dollar

So ,800,000 Japanese Yen =800,000*0.0099 = USD 7920

1 Mexican Peso =USD 0.0541

USD 1 = 1/0.0541 Mexican Peso =18.48 Peso

USD 7920 = 18.48*7920 =146395.56

So the correct answer is:- C:- 146496

Answer:- 2:-

For a price of $285,demand should be 5.

Price Christy Demand Lori Demand Total Demand 700 0 0 0 650 1 0 1 500 1 1 2 450 2 1 3 300 4 2 6 275 5 3 8 250 6 4 10 100 7 4 11 50 10 5 15

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