1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alik [6]
3 years ago
13

The consumer price index (CPI) for a given year is the amount of money in that year that has the same purchasing power as $100 i

n 1983. At the start of 2015, the CPI was 234.1 Write a formula for the CPI as a function of t years after 2015, assuming that the CPI increases by 2.3% every year.
Business
1 answer:
mr Goodwill [35]3 years ago
5 0

Answer:

CPI (n) = 234.1 x 1.023ⁿ

Explanation:

Let P be an exponential function of n (time) with a base a:

Consumer price index = P₀ x aⁿ

where

P₀ is the CPI when n = 0, P₀ = 234.1

a = 1 + r (rate of increase) = 1 + 2.3% = 1 + 0.023 = 1.023

the CPI will increase as n increases

CPI (n) = P₀ x aⁿ = 234.1 x 1.023ⁿ

You might be interested in
Nonprofit agencies are frequently called voluntary service agencies because they use only volunteers to provide services.True /
rodikova [14]

Answer:

The answer is "False".

Explanation:

Nonprofits are taxation-exempt or charity because, they don't pay tax, on their organization's money they earn, that can work in social, scientific, educational, or research settings.

  • It also makes money, but sometimes they are distinguished, itself to for-profit businesses by the profits they make.
  • The cash is used to expand the organization, and promote the work further, that's why the answer to this question is false.
6 0
4 years ago
David is a police officer with the New York Police Department (NYPD).NYPD asks David to retire when he turns 65.It also informs
romanna [79]

Answer:

B) David will most likely lose the case as it is legal for police officers to be subjected to mandatory retirement.

Explanation:

According to relevant laws, an officer must retire upon attaining the age of 62 of after 20 years of uniformed service (if it is an Early Retirement) or 22 years of uniformed service (if it is a Normal Retirement).

Regardless of whether it is a Normal or Early retirement, the officer must disengage at the age of 62.

The relevant laws which govern the administration of the NYPD retirement process as wells pensions are:

  • the Administrative Code of the City of New York (NYCAC);
  • the New York State Retirement and Social Security Law (RSSL), and
  • the Rules of New York City Police Pension Fund (NYCPPF)

Cheers!

3 0
3 years ago
Which document establishes an initial record of the receipt of the inventory?​?
MrRa [10]
The document which establishes an initial record of the receipt of an inventory is THE RECEIVING REPORT.
The receiving report is usually used by a business to record the details of the products that are received from suppliers. The record documents what is owned to supplier based on the number of goods accepted and the ones that are returned.<span />
7 0
3 years ago
Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for whicha.the supply is more elasti
Roman55 [17]

Answer:

B. The demand is more elastic than supply .

Explanation:

Demand & supply are buyers & sellers ability , willingness to buy & sell respectively .

Elasticity means responsiveness of demand & supply to prices.

'Tax burden' can be forwarded / shared only in case of Indirect taxes , whose burden & incidence lie on different people.

The burden falls on the party (consumers / suppliers) whose market element (demand / supply) is inelastic i.e less responsive to prices.

So , if sellers are bearing larger burden : It means demand is relatively elastic & supply is relatively inelastic.

6 0
3 years ago
Select the correct answer.
Montano1993 [528]

Answer:

get each individual to state the problem from his or her viewpoint.

Explanation:

The first step that managers should take to resolve a conflict within a diverse team is to get each individual to state the problem from his or her viewpoint.

3 0
3 years ago
Read 2 more answers
Other questions:
  • Trendown inc. has launched a plan to completely transition from a clothing retailer to a cosmetic brand by the end of the year.
    9·1 answer
  • Monica graduated from high school this year and has a steady job. She feels ready to move into her own space and has $1,200 in s
    11·2 answers
  • Albert was wanting to save some money on his vacation, so he brought food and soft drinks with him to the airport to eat on the
    12·1 answer
  • A company has $ 235 comma 000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The
    13·1 answer
  • Which best describes what is represented in the business cycle model? the interactions between producers and consumers the chang
    11·2 answers
  • The majority of problems Best Buy was facing have been brought about by _________________force.
    5·1 answer
  • If the government provides free schooling for all students, an economist would say education is a. a free good, having no cost.
    8·1 answer
  • In formal writing, you _____________ ____________ use abbreviations. Should never should always almost never almost always Forma
    6·1 answer
  • Lambda Computer Products competed for and won a contract to produce two prototype units of a new type of computer that is based
    12·1 answer
  • On January 1, 2021, Strato Corporation borrowed $2 million from a local bank to construct a new building over the next three yea
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!