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
<span>Some of the actions taken by the Monsanto Corporation to control the seed industry are: Purchasing of competing seed companies. Application of patents on Monsanto seeds. Forcing farmers to purchase new seed yearly instead of re-sowing existing seed. And lobbying for legislation in seed handling that favors Monsanto's processes.</span>
Answer:
The correct answer is option C.
Explanation:
The decision-making process followed by consumers assumes that consumers are rational beings who are trying to maximize their satisfaction using their limited income.
So these consumers will consume the good or combination of goods that maximize their total utility derived from the consumption of these goods.
The consumers have limited income, they are aware of the marginal utility they derive from the consumption of an additional unit and they are also able to rank their preferences.
Open market operations involve buying and selling securities to influence the money supply. The correct answer is C.
