Question: A good steak dinner in the U.S. costs 59USD while the exact meal costs 825MXN across the border in Mexico. Based on purchasing power parity,

A good steak dinner in the U.S. costs 59USD while the exact meal costs 825MXN across the border in Mexico. Based on purchasing power parity, what is the implied MXN/USD exchange rate? A. 13.76MXN/1USD B. 13.98MXN/1USD C. 14.04MXN/1USD D. 14.23MXN/1USD E. 14.11MXN/1USD

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