1-Using the quotes below homework, convert €1,000,000 into U.S. dollars. How many dollars will you have?
$1.4653/€ ask
$1.4577/€ bid
2-If you and Dan compete in a triathlon and you beat Dan in the running portion by 3 hours, you beat Dan in the biking portion by 4 minutes, and in the swimming portion Dan has to be saved by a rescue boat, in what portion of the triathlon does Dan have a relative comparative advantage? Explain