In Munich a bratwurst costs 2 euros a hot dog costs

In Munich a bratwurst costs 2 euros; a hot dog costs

In Munich a bratwurst costs 2 euros; a hot dog costs

Question
1
. In Munich a bratwurst costs 2 euros; a hot dog costs $1 at Boston’s Fenway Park
. At an exchange rate of $1
.50/per euro, what is the price of a bratwurst in terms of hot dogs? All else equal, how does this relative price change if the dollar appreciates to $1
.25 per euro? Compared with the initial situation, has a hot dog become more or less expensive relative to a bratwurst? 2
. A U
.S
. dollar costs 7
.5 Norwegian kroner, but the same dollar can be purchased for 1
.25 Swiss francs
. What is the Norwegian krone/Swiss franc exchange rate?

In Munich a bratwurst costs 2 euros; a hot dog costs

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