2 divided by 1 and 6/7
1 answer:
You might be interested in
Answer:
Step-by-step explanation:
The information given in the question can be represent in a table format for better understanding with the additional columns as follows:
Items Weights Q₀ Prices P₀ Prices P₁ P₀Q₀ P₁Q₀
Cashew 1 $12.50 $17.00 $12.50 $17.00
Pecans 1 $4.00 $4.00 $4.00 $4.00
Almonds 1 $5.50 $3.00 $5.50 $3.00
Total $22 $24
Can you say what happened to the overall "price level"?
The changes in overall price level can be a result of a condition termed as inflation rate
How might you construct a measure of the "change in price level"?
To construct a measure of the change in price level; we need to determine the consumer price index (CPI).
The consumer price index can be determined by using the relation:
= 109.0%
consumer price index (CPI) is 109.0% ; This implies that there is a 9.9% inflation in the economy.
Answer:
The speed from the observer is 8 mph.
Step-by-step explanation:
When the boat is going downstream with full force, its speed will be the one the oarsman can row on still water added by the flow of the river. In this case he can row the boat at speed of 3 mph, while the stream is 5 mph, so the speed from the observer standpoint is:
The speed from the observer is 8 mph.