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Given the information: Price of a Big Mac in US: Price of a BigMac in Mexico: Exchange rate of MXN in Indirect Quote (MXN/USD): USD

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Given the information: Price of a Big Mac in US: Price of a BigMac in Mexico: Exchange rate of MXN in Indirect Quote (MXN/USD): USD 3.75 MXN 40 1 USD = 7.50 MXN MXN According to PPP the prices of Big Mac in US and Mexico will be identical, when 1 USD 10.67 O 0.13333 7.5 0.09375

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