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Given the information: Price of a Big Mac in US: Price of a BigMac in Japan: Exchange rate of JPY in Indirect Quote (JPY/USD: USD

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Given the information: Price of a Big Mac in US: Price of a BigMac in Japan: Exchange rate of JPY in Indirect Quote (JPY/USD: USD 3.75 JPY 320 1 USD = 120 JPY Based on absolute PPP violations described above, it would make sense for a US company doing business in Japan to: O produce in Japan and sell in the US aby produce in the US and sell in Japan

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