The market basket for the consumer price index has two products, bread and milk, with the following values in 2013 and 2018 for price and quantity: Base Year (2013) 2018 Product Quantity Price Price Milk 50 $1.20 $1.50 Bread 100 1.00 1.10 <u>The Consumer Price Index for 2018 equals (A) 116</u>
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Explanation:
The market basket for the consumer price index has two products, bread and milk, with the following values in 2013 and 2018 for price and quantity: Base Year (2013) 2018 Product Quantity Price Price Milk 50 $1.20 $1.50 Bread 100 1.00 1.10 <u>The Consumer Price Index for 2018 equals (A) 116</u>
The CPI is a statistical technique that estimate or make use of the prices of a sample of representative items and these prices are collected periodically.
The Consumer Price Index (CPI) is index which is used to examine the weighted average price of consumer goods and services basket , which includes transportation, food, and medical care and is calculated by taking price changes for each item in the predetermined basket of goods and averaging them out
Answer:
c) Foreign companies tend to reduce the overall number of jobs available in developing countries
Explanation:
The foreign companies that invest in developing countries have their primary goal to make more profit. They achieve this because they manage to produce the same products, with same quality and quantity, but much cheaper. The reason why it is much cheaper is because these companies pay the workers in the developing countries much less than they would pay in their own countries. In general, the wages tend to be around the the amount of what what be the average in the developing country. In order to get workers, these companies tend to provide slightly better working conditions, and they pay on time as well. Also, they increase the amount of jobs in the economy, which is a positive for the people and for those countries.
Answer:
You would want to sign up for basic classes that can transfer easily from one college to another. These classes might be Political Science, American History, English, ect.
Answer:
a.$0.23 per unit and $48,773
Explanation:
The computation of the variable cost per unit and the total fixed costs variable cost per unit and the total fixed costs using the high-low method is shown below:
Variable cost per unit = (High total cost - low total cost) ÷ (High production units - low production units)
= ($114,300 - $87,100) ÷ (284,900 units - 168,100)
= $27,200 ÷ 116,800 units
= $0.23 per unit
Now the fixed cost equal to
= High total cost - (High production units × Variable cost per unit)
= $114,300 - ( 284,900 units × $0.23)
= $114,300 - $65,527
= $48,773
The example of situational influence in the purchase
decision process that Rob’s action is in is the temporal effects. This usually
refers on the individual’s time in the day where in the individual has the
thought of deciding with the given time provided to him or her.