A US based exporter has a cost of $70 per item it exports. If the exchange...
A US based exporter has a cost of $70 per item it exports. If the exchange rate is $1 US buys 5.5 Euros, what is the minimum price in Euros that this exporter can charge for his product in Europe and still cover his costs? Please explain, thank you!
375
379
385
395
Homework Answers
Answer: Option C:385
Given
Cost of item C=$70
$1 =5.5 euro
So Minimum exporter can charge for Europe = 5.5*70=385 euro
Add Answer to:
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