(Answered) Suppose that one canister of pringles costs pound25 that of

Management Studies

Suppose that one canister of Pringles costs £25, that of Macadamia Nuts costs $5 per can, and that the relative price of Pringles in terms of Macadamia Nuts is 3 cans per canister. Figure out the following:

a) The dollar-pound exchange rate, i.e. the price of a pound sterling in terms of the dollar.

b) The dollar price of Pringles.

c) The pound price of Macadamia Nuts.

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