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If the current exchange rate is 296.92 Japanese yen per U.S. dollar, the price of a Big Mac hamburger in the United States is $4.83,

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If the current exchange rate is 296.92 Japanese yen per U.S. dollar, the price of a Big Mac hamburger in the United States is $4.83, and the price of a Big Mac hamburger in Japan is 280 yen, then other things equal, the Big Mac hamburger in Japan is: correctly priced, under priced, over priced or There is not enough information to determine if the price is appropriate or not, Why, justify your answer Add your

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