You go on vacation in London and find a replica of the fuzzy hats that Buckingham Palace guards and decide it would make the perfect souvenir. The vendor who is selling the hat is asking £70 for it. If $1 buys £1.10, how much is the hat costing you? $636 $70 $77 $63.63

You go on vacation in London and find a replica of the fuzzy hats that Buckingham Palace guards and decide it would make the perfect souvenir. The vendor who is selling the hat is asking £70 for it. If $1 buys £1.10, how much is the hat costing you? $636 $70 $77 $63.63

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

You go on vacation in London and find a replica of the fuzzy hats that Buckingham Palace
guards and decide it would make the perfect souvenir. The vendor who is selling the hat
is asking £70 for it. If $1 buys £1.10, how much is the hat costing you?
$636
$70
$77
$63.63

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