Becky only eats out at macaroni grill and eats out three times per month. she receives a raise from $33,200 to $33,500 and decides to eat out five times per month. use the midpoint method to calculate the monthly income elasticity of demand for eating out. round your answer to two decimal places.

Jaguar has full manufacturing costs of their s-type sedan of £22,803. they sell the s-type in the uk with a 20% margin for a price of £27,363. today these cars are available in the us for $55,000 which is the uk price multiplied by the current exchange rate of $2.01/£. jaguar has committed to keeping the us price at $55,000 for the next six months. if the uk pound appreciates against the usd to an exchange rate of $2.15/£, and jaguar has not hedged against currency changes, what is the amount the company will receive in pounds at the new exchange rate?