In 1985,a Given Japanese Imported Automobile Sold for 1,476,000 Yen,or

question 11

Multiple Choice

In 1985,a given Japanese imported automobile sold for 1,476,000 yen,or $8,200.If the car still sold for the same amount of yen today but the current exchange rate is 144 yen per dollar,what would the car be selling for today in U.S.dollars?

• A)$ 8,303
• B)$ 9,225
• C)$10,250
• D)$11,275
• E)$12,403

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Definitions:

Horizontal Axis

In a graph or chart, the x-axis, which typically represents the independent variable or the variable that is controlled or manipulated.

Indifference Curves

Graphical representations showing different combinations of two goods that give a consumer equal satisfaction and utility.

Bundle

A bundle refers to a group of products or services that are sold together as a single combined unit, often at a discounted price compared to purchasing each item separately.

Constants

Fixed values that do not change in mathematical equations or experiments, ensuring consistency in calculations and outcomes.