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Taya2010 [7]
3 years ago
6

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 $50; in 2014, the basket’s cost was $52; and in 2016, the basket’s cost was $55. The value of the CPI in 2016 was
Business
1 answer:
Evgesh-ka [11]3 years ago
8 0

Answer: 2016 CPI is 110

Explanation:

Given the following :

Base year = 2012

Cost of basket in 2012 = $50

Cost of basket in 2014 = $52

Coat of basket in 2016 = $55

The Consumer Price Index (CPI) is calculated using the formula :

CPI = (weighted cost item in current period / weighted cost of item in base period) × 100

Base period / year = 2012

Current period = 2016

Therefore, 2016 CPI equals;

($55 / $50) × 100

= 110

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Chobani chose to price its product at close to $1. it based its marketing mix pricing decision by assuming?
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<h3>What involves the mix pricing decision?</h3>

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A bank purchased a credit default swap from another financial institution to protect itself against the default of one of its bo
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