Underground is an international chain of sandwich stores that sell their famous
ID: 1213973 • Letter: U
Question
Underground is an international chain of sandwich stores that sell their famous and popular mighty meat monster sandwichs all over the world. Use the information in the tables to answer the questions below. Which country's residents would find the mighty meat monster cheapest, relative to their per capita GDP? Please look at the hint below for assistance on how to calculate this. Which country's residents would find the mighty meat monster most expensive, relative to their per capita GDP? Please look at the hint below for assistance on how to calculate this.Explanation / Answer
Computation of $ equivalent prices of Might meat in various countries.
Country
Exchange rte
Price of mighty meat
$ equivalent price
USA ( dollar)
=
$ 4.5
$4.5
Mexico (peso)
13.5
20.25
$1.5
Brazil (real)
1.8
6.20
$3.44
Japan ( yen)
77
520
$6.75
Norway ( krone)
6
28
$4.66
Euro
0.7
3.20
$4.57
New Zealand ($)
1.26
2.80
$2.22
Country
$price of MM
Income per capita ($)
Price of MM as percentage of P.C.Income %
USA
$4.5
48000
0.0093 7%
Mexico
$1.5
15000
0.010%
Brazil
$3.44
11800
0.0291%
Japan
$6.75
34000
0.0198%
Norway
$4.66
53000
0.0087%
European Union
$4.57
30500
0.014%
New Zealand
$2.22
28000
0.0079%
Answer :
-The Brazilian would find the Price of Might meat most expensive in relation to his per capita Income.
Country
Exchange rte
Price of mighty meat
$ equivalent price
USA ( dollar)
=
$ 4.5
$4.5
Mexico (peso)
13.5
20.25
$1.5
Brazil (real)
1.8
6.20
$3.44
Japan ( yen)
77
520
$6.75
Norway ( krone)
6
28
$4.66
Euro
0.7
3.20
$4.57
New Zealand ($)
1.26
2.80
$2.22
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