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Svet_ta [14]
3 years ago
7

Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 20

12, the basket’s cost was $77; in 2013, the basket’s cost was $82; and in 2014, the basket’s cost was $90. The value of the CPI in 2014 was ________.a. 116.9 and the inflation rate was 16.9%.b. 109.8 and the inflation rate was 9.8%.c. 109.8 and the inflation rate was 16.9%.d. 116.9 and the inflation rate was 9.8%.Explain how you got the answer please.
Business
1 answer:
jek_recluse [69]3 years ago
7 0

Answer:

a. 116.9 and the inflation rate was 16.9%

Explanation:

<u>Definition</u>

Consumer Price Index (CPI) is a statistical measure that is constructed using a weighted average market basket of consumer goods and services produced by a household.

CPI = (Cost of market basket ₓ / Cost of market basket ₓ₁) * 100

where x = present year(2014) and x1 = base year(2012)

CPI = (90/77) * 100

CPI = 116.88

CPI = 116.9 (to 1 decimal place)

Inflation =<u>Current year basket cost - Base year basket cost</u>    * 100

                                    Base year basket cost

Inflation = <u>90-77</u>  * 100

                   77

Inflation = 16.88

Inflation = 16.9% ( to 1 decimal place)

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Answer:

The correct answer is A

Explanation:

Interior solution is the solution or a choice which is to be made through an agent and that could be characterized as an optimum which is located or situated at the tangency of two curves on the graph.

The utility maximization of the consumer states or defines that the consumer decide or take decision to allocate the incomes so that the last dollar amount which is spent on each and every product bought yields the same amount of the additional marginal utility.

Therefore, the interior solution to the utility maximization of the consumer problem states that the consumer consuming the optimal amounts of all the goods.

7 0
3 years ago
Last year Easton Corporation reported sales of $480,000, a contribution margin ratio of 25% and a net loss of $16,000. Based on
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Answer:

B. $544,000

Explanation:

Given: Sales: $480000.

           Contribution margin ratio= 25%

           net loss= $16000.

Break even point: It is point in business where profit is equal to expenses of the business.

Now, finding the fixed expense.

Fixed expense= loss+ (contribution\ margin\times sales)

⇒ Fixed expense= 16000+ (0.25\times 480000)

⇒ Fixed expense= 16000+ 120000

∴ Fixed expense=  \$ 136000

Next, computing the break even point

Sales to Break even point= \frac{Fixed\ expense}{Contribution\ margin\ ratio}

⇒ Break even point= \frac{136000}{0.25}

∴ Break even point= \$ 544000

Hence, the break even point was $544000

8 0
4 years ago
Time lags associated with policy decision making and implementation suggest that______.a.increases in spending to fight a recess
arlik [135]

Answer:

B) increases in spending to fight a recessionary gap may occur too late.

Explanation:

Time lags refers to the time that passes between making a decision and implementing the decision. For example, the FED announces its intention to increase or decrease their interest rate with a lot of anticipation, and sometimes it would be better if they just did it.

Politicians are famous for talking a lot and doing very little, and that happens in every country in the world. During recessions words aren't needed, actions are needed. The problem is that many times words are abundant and actions are scarce. A small problem that is not dealt swiftly and properly can become a huge problem.

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  • Coat's manager continues to perform well in the market competing product as strong and is looking to take over the market share leader in segment.
  • The coat product manger in order to improve the buying criteria, and thus potentially increase demand the best product manager should purchased.
  • Marketing and promoting  is a strategy in which one can communicate the customers and target prospective customers to buy the products.
  • Thus increasing the demand of the product and thereby increase the promotion budget and gain greater awareness.
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A.

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I'd argue that the best of societies are those that promote spirituality, which is an aspect to wellness and well-being. Answer A definitely includes this, whereas answer C specifies and focuses on only this aspect.
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