A firm in the US exports a product to Mexico. Assume that the firm sells the product in Mexico at a price of 1,667.5 Pesos and the current exchange rate is 1 US dollar buys 11.5 Pesos. If the cost of production for the firm is $X and the firm claims to just break even on the sale, what must X be? O 136.5 O 141 O 145 O 152

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A firm in the US exports a product to Mexico. Assume that the firm sells the
product in Mexico at a price of 1,667.5 Pesos and the current exchange rate is
1 US dollar buys 11.5 Pesos. If the cost of production for the firm is $X and the
firm claims to just break even on the sale, what must X be?
O 136.5
O 141
O 145
O 152
Transcribed Image Text:A firm in the US exports a product to Mexico. Assume that the firm sells the product in Mexico at a price of 1,667.5 Pesos and the current exchange rate is 1 US dollar buys 11.5 Pesos. If the cost of production for the firm is $X and the firm claims to just break even on the sale, what must X be? O 136.5 O 141 O 145 O 152
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