Multiple Choice
John wants to buy a new lawn mower.He can either buy it in the US and pay $500 or buy it in Mexico and pay 6188 Mexican Pesos.At the exchange rate of 1 Mexican Peso=0.771US$,ignoring any other costs,he would
A) Prefer buying in the US
B) Prefer buying in Mexico
C) Be indifferent about where he buys his television
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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