What should the big mac sell for in iceland

Reference no: EM13263393

According to purchasing power parity, if a Big Mac sells for $3.29 in the United States and the exchange rate for the Iceland kronur is 117.51 kronur/$, what should the Big Mac sell for in Iceland?

A.) 543 kronur
B.) .028 kronur
C.) 3.29 kronur
D.) 387 kronur
E.) 118 kronur

Reference no: EM13263393

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