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In 2005, the refined sugar price received by a Mexican farmer was $0.54/Kg. If the exchange rate in the same year was 10.90 P
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Answer #1

Refined sugar price is $0.54 per KG in terms of dollars. Now 1 dollar is exchanged for 10.90 pesos so 0.54 dollars are exchanged for 0.54*10.90 = 5.886 pesos

Select 5.89 pesos per KG

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