Asked by Anonymous JAK
An American factory needs to buy special tools which are made only by companies in either Switzerland or Britain. The tools made in Switzerland cost 100 francs apiece; the ones made in Britain cost 100 pounds each. Based on the exchange rates below, what should the factory do?
U.S. Dollar Comparison
$1.00 U.S. = 0.80 Swiss Francs
$1.00 U.S. = 0.67 Pounds
A) Buy the tools from Britain.
B) Make the tools themselves.
C) Wait until the exchange rate gets better. *
D) Buy the tools from Switzerland.
U.S. Dollar Comparison
$1.00 U.S. = 0.80 Swiss Francs
$1.00 U.S. = 0.67 Pounds
A) Buy the tools from Britain.
B) Make the tools themselves.
C) Wait until the exchange rate gets better. *
D) Buy the tools from Switzerland.
Answers
Answered by
Anonymous JAK
if that isn't right someone please help me find the answer instead of saying "incorrect" thank you.
Answered by
Ms. Sue
You could wait a long time before you could get a better exchange rate.
100 * 0.8 = $80 each
100 * 0.67 = $67 each
100 * 0.8 = $80 each
100 * 0.67 = $67 each
Answered by
Anonymous JAK
Okay, so the answer is A then? I did that math but didn't pick A because I thought "it couldn't be that simple" :P
Answered by
Ms. Sue
Yes, A is right.
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