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Suppose That Your Firm Wants to Import Sugarcane from Brazil

Question 38

Multiple Choice

Suppose that your firm wants to import sugarcane from Brazil. The exchange rate is 3 Brazilian reals per U.S. dollar and sugarcane costs 36 reals per ton. How much is a ton of sugarcane in U.S. dollars?


A) $12
B) $39
C) $108
D) $109

Correct Answer:

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