Answer:
a. less ice cream, less coffee
Explanation:
The percentage change in CPI is given by:
![\%CPI = \frac{177-150}{150}=0.18](https://tex.z-dn.net/?f=%5C%25CPI%20%3D%20%5Cfrac%7B177-150%7D%7B150%7D%3D0.18)
The percentage change in the prices of coffee and ice cream, respectively, are:
![\%C = \frac{5-4}{4}=0.25\\\%I = \frac{2.50-2.00}{2.00}=0.25](https://tex.z-dn.net/?f=%5C%25C%20%3D%20%5Cfrac%7B5-4%7D%7B4%7D%3D0.25%5C%5C%5C%25I%20%3D%20%5Cfrac%7B2.50-2.00%7D%7B2.00%7D%3D0.25)
Both coffee and ice cream had an increase in price above the CPI increase, which means that both goods are being sold above the equilibrium price and thus their demand is likely to fall.
People likely will buy less ice cream, less coffee
Answer:
increase productivity in office setting
Answer:
Luke's net tax due or refund is $2,900
Explanation:
In order to calculate Luke's net tax due or refund we would have to make the following calculation:
Luke's net tax due or refund=Luke's non refundable credit+income taxes withheld from his salary
Luke's non refundable credit=non refundable personal tax credit-gross tax liability
Luke's non refundable credit=$2,400-$1,800
Luke's non refundable credit=$600
Therefore, Luke's net tax due or refund=$600+$2,300
Luke's net tax due or refund=$2,900
Luke's net tax due or refund is $2,900
Answer:
increase price per ticket.
Explanation:
increase price per ticket in proportion to cost incurred.
set up an internal control system to ensure all revenue from ticket are well accounted for.
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