Suppose that one canister of pringles costs pound25 that of, Business Economics

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Suppose that one canister of pringles costs pound25 that of

Suppose that one canister of Pringles costs £25, that of Macadamia Nuts costs $5 per can, and that the relative price of Macadamia Nuts in terms of Pringles 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 and c) the pound price of macadamia nuts.

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Business Economics: Suppose that one canister of pringles costs pound25 that of

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Business Economics: Suppose that one canister of pringles costs pound25 that of

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