Ayear ago, mc hammer company had inventory in britain valued at 240,000 pounds. the exchange rate for dollars to pounds was 1£ = 2 u. s. dollars. this year the exchange rate is 1£ = 1.82 u. s. dollars. the inventory in britain is still valued at 240,000 pounds. what is the gain or loss in inventory value in u. s. dollars as a result of the change in exchange rates? (hint: gain/loss is the difference between total value of last period and current period

What do economists mean when they use the latin expression ceteris paribus?

Which term refers to the cost that motivates an economic decision

Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?