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Answer:
It then means that there was an increase in price of <em>$0.35 and an increase in the Consumer Price Index of 122</em> of Soda after 37 years for inflationary reasons.
Explanation:
The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them.
<em>Solution</em>
<em>CPI = New Price/ Old Price</em>
<em>Where:</em>
<em>Old Price = $0.15</em>
<em>New Price = $0.50</em>
<em></em>
<em>∴ = 0.50/0.15 </em>
<em>CPI = 3.33</em>
<em>Then there was no significant rise on inflation since the CPI for 37 years was 3.33 </em>
The best illustration of the economic concept is scarcity. Thus the correct option is (C).
<h3>What is Scarcity?</h3>
Scarcity refers to the limited or the shortage of the natural resources in the particular region. It is an economic concept which defines that there is the shortage to the infinite needs of the human beings because resources are finite.
According to the illustration the corner offices in the high rise building has the high rent because of the limited number of the high rise offices and the huge demand of the location.
Thus the correct option is (C).
Learn more about economic concept here:
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Answer:
The answer is abitrage
Explanation:
Abitrage is sometimes called riskless profit. It is about taking advantage of price difference in the market. Abitrage improves market efficiency because the mispricing are quickly exploited.
Arbitrage involves buying security A at $10 in city X and the same security is being sold for $15 in city Y. If the market participant exploits this mispricing, he is known to engage in abitrage.
Answer:
The answer is $67807
Explanation:
we want to find minimal annual savings we will therefore use financial calculator. for figures we do not have ie: I/YR interest and PMT payment we will compute 0 for those figures. the explanation is below in an attachment