The Economist magazine is famous for its publication of the Big Mac index - a table of Big Mac TM 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: Suppose that the exchange rate botween China and the U.K is: Rmb (Renminbe) 15=&1.00 and that the Big Mac TM could be used as a standardized commodity - easly transperted and not perishable. Complete the following: C1,000=RmbBigMacsTM Sell Pounds / Buy Renminbi an foregn exchange markets Use Renminer to buy Transport (assume no cost) and Big Macs in China sell the alg Macs in London