Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Get immediate and reliable answers to your questions from a community of experienced professionals on our platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

The inhabitants of a small island begin exporting beautiful cloth made from a rare plant that grows only on their island. Seeing how popular the small quantity that they export has been, they steadily raise their prices. A clothing maker from New York, thinking that he can save money by "cutting out the middleman," decides to travel to the small island and buy the cloth himself. Ignorant of the local custom of offering strangers outrageous prices and then negotiating down, the clothing maker accepts (much to everyone's surpise) the initial price of 400 tepizes/m2. The price of this cloth in New York is 120 dollars/yard2.

Sagot :

AL2006

OK.  We understand all of that.  And may I say what a fascinating story
it is.  Sadly, it appears that just as you began to give us numerical data,
you suddenly ran out of gas, and stopped writing before you could ask
the question ! 

The only facts I can offer that might somehow relate to the story are:

--         1 square yard = 0.83612... square meter

--         1 square meter = 1.19599... square yard .

As for today's exchange rate on the London market between Tepizes
and USD, I can find no information on that.

I can only hope that I have been helpful to you in some small way.


Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.