Awoven-leather chair costs $570 in the united states. if the exchange rate between u. s. dollars and mexican pesos is $0.06 per peso, how much should the same chair cost in mexico? assume that purchasing power parity holds perfectly in this case.

9,500 pesos.

Explanation:

Cost in dollars = $570

Exchange rate = $0.06 per peso

Assuming a perfect purchasing power parity, a straight-forward currency conversion from dollars to pesos should yield the cost of the woven-leather chair in Mexico.

Therefore, the cost of the woven-leather chair, in Mexico, is:

answer; because many corporate watch groups will discover and publicize unethical behavior by suppliers, link it to the american company, and harm its reputation;