a The Economist magazine is famous for its publication of the Big Mac index - a table of Big MacTM prices in different countries around the world. The use of the Big Mac allows for a highly standardized product sold throughout the world. Given the following abbreviated table: Country Price Big Mac China Rmb 10 U.K. 1.25 U.S. $2.50 Suppose that the exchange rate between China and the UK: Rmb (Renminbi) 15 - 21.00 and that the Big Mac could be used as a standardized commodity - easily transported and not perishable. Complete the following: 1,000 - Rmb Sell Pounds/Buy Renminbi on Use Ronminbi to buy Transport (assume no cost) and foreign exchange markets Big Macs in China sell the Big Macs in London Big Macg