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World travelers have discovered that Big Macs taste pretty much the same everywhere, but a Big...

World travelers have discovered that Big Macs taste pretty much the same everywhere, but a Big Mac’s price can vary tremendously. In 2015 a Big Mac was priced at 27,939 rupiah at the McDonald’s in Jakarta, Indonesia. That sounds really expensive! The same Big Mac cost only 3.68 euros in Rome, Italy, 99 baht in Bangkok, Thailand, and 17.2 yuan in Beijing, China. But what do all these foreign prices mean in American dollars? If you want a Big Mac in a foreign country, you need to figure out foreign prices.
a. Calculate the dollar price of a Big Mac in each of the following countries:
Country Price of Big Mac in Foreign Currency (2015) Exchange Rate (2015) U.S. Dollar Price
Indonesia 27,939.00 rupiah 1 U.S. dollar = 12,480.00 rupiah ?
Italy 3.68 euros 1 U.S. dollar = 0.86 euros ?
Thailand 99.00 baht 1 U.S. dollar = 32.60 baht ?
China 17.20 yuan 1 U.S. dollar = 6.21 yuan ?
b. The U.S. dollar price of a Big Mac was the highest in Italy
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