Question Description
Use the table above. Assume that price of a hotel room is 200 reals per night in Brazil and 800pesos per night in Mexico. Assume these prices stay the same between 2010 and 2015. You areconsidering a trip to Mexico or Brazil, together with a friend, who lives in China. Round youranswer to two decimals.
1) Calculate the U.S. dollar price of a hotel room in Mexico and Brazil for July 2010. Wherewould you stay in July 2010 based on your answer?
2) Calculate the U.S. dollar price of a hotel room in Mexico and Brazil for July 2015. Wherewould you stay in July 2015 based on your answer?
3) Calculate the yuan price of the hotel rooms in Brazil and Mexico in July 2010. Based on youranswer, where would your friend prefer to stay?
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