Answer:
2014 CPI= 101.5
2013 CPI= 100.8333333
2014 Inflation Rate= 0.66%
Explanation:
Consumer Price Index (CPI):
The index is calculated by taking the price of the basket in one year and dividing it by the price of the basket in another year. This ratio is then multiplied by 100.
Basket Price:
is the sum of the product of the quantitys and prices of the goods thata compose the basket for any given year.
Inflation Rate:
CPI (x+1) - CPI (x)
_____________
CPI (x)
Based on the number of peacocks and turkeys that can be owned, the opportunity cost of one peacock is<u> 20 turkeys. </u>
<h3>What is opportunity cost?</h3>
- Refers to the benefit that we forego when we choose an alternative over another.
In this scenario, Susie can either have 100 turkeys or 5 peacocks. The opportunity cost of a single peacock would be:
<h3>Opportunity cost of peacock </h3>
= Number of turkey / Number of peacock
= 100 / 5
= 20 turkeys
In conclusion, opportunity cost of a single peacock is 20 turkeys.
Find out more on opportunity cost at brainly.com/question/3597509.
Answer:
Descriptive research
Explanation:
Descriptive research is defined as a research method that describes the characteristics of the population or phenomenon that is being studied. This methodology focuses more on the “what” of the research subject rather than the “why” of the research subject. Descriptive, or qualitative, methods include the case study, naturalistic observation, surveys, archival research, longitudinal research, and cross-sectional research. Experiments are conducted in order to determine cause-and-effect relationships
Straight line method formula is depreciable amount /
estimated useful life.
Plugging in our data from the problem above:
[(30,000,000 + 2,000,000)
- 2,400,000
= ----------------------------------------------------
40
years
32,000 000 – 2,400,000
= ----------------------------------
40 years
29,600,000
= ---------------
40 years
= 740,000 is the depreciation for the first full year.
Answer:
product mix
Explanation:
The combination of product lines offered by a manufacturer is called the firm's: product mix.