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If the current exchange rate is 113 Japanese yen per US dollar the price of a Big Mac hamburger in the United States is 341 and the price of a Big Mac hamburger in Japan is 280 yen then other

 If the current exchange rate is 113 Japanese yen per U.S. dollar, the price of a Big Mac hamburger in the United 
States is $3.41, and the price of a Big Mac hamburger in Japan is 280 yen, then other things equal, the Big Mac 
hamburger in Japan is ________.
A) correctly priced
B) under priced
C) over priced
D) not enough information to determine if the price is appropriate or not

Apr 18 2021 View more View Less

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