Use the Table for the Question(s) Below

question 15

Multiple Choice

Use the table for the question(s) below.
Consider the following prices from a McDonald's Restaurant:

-A McDonald's Big Mac value meal consists of a Big Mac Sandwich,Large Coke,and a Large Fry.Assuming that there is a competitive market for McDonald's food items,at what price must a Big Mac value meal sell to insure the absence of an arbitrage opportunity and uphold the law of one price?

• A) $4.08
• B) $4.38
• C) $5.47
• D) $5.77

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Definitions:

Construction

The process of building or assembling infrastructure, buildings, and other structural projects from the initial planning stages to completion.

Shift Work

Employment with schedules outside the traditional 9 to 5, often involving evening, night, or rotating shifts, impacting workers’ lifestyle and wellbeing.

Less Time

Having reduced or insufficient amount of time for activities or tasks.

Parents

Mother(s) or father(s) responsible for raising and nurturing a child.