Table 14.1.Hypothetical Costs of Producing an Automobile for Toyota Inc.of Japan

-Refer to Table 14.1.Assuming that Toyota obtains all inputs from Japanese suppliers and that the yen/dollar exchange rate is 200 yen per dollar.The dollar-equivalent cost of a Toyota automobile equals:
A) $5000
B) $10,000
C) $15,000
D) $20,000

Question

Table 14.1.Hypothetical Costs of Producing an Automobile for Toyota Inc.of Japan
 
-Refer to Table 14.1.Assuming that Toyota obtains all inputs from Japanese suppliers and that the yen/dollar exchange rate is 200 yen per dollar.The dollar-equivalent cost of a Toyota automobile equals:
A) $5000 
B) $10,000 
C) $15,000 
D) $20,000

Quizplus · Accepted Answer

The Answer of Table 14.1.Hypothetical Costs of Producing an Automobile for Toyota Inc.of Japan
 
-Refer to Table 14.1.Assuming that Toyota obtains all inputs from Japanese suppliers and that the yen/dollar exchange rate is 200 yen per dollar.The dollar-equivalent cost of a Toyota automobile equals:
A) $5000 
B) $10,000 
C) $15,000 
D) $20,000

Table 141Hypothetical Costs of Producing an Automobile for Toyota Inc