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Digiron [165]
3 years ago
9

The Consumer Price Index is a way that the U.S. government measures ____.

Business
1 answer:
Ludmilka [50]3 years ago
3 0

Answer:

prices of all goods and services bought by US households

Explanation:

You might be interested in
Esther is ninety years old, but she still shops for her own groceries every morning. When Esther was younger, she would head to
Anettt [7]

Answer:

Esther is ninety years old, but she still shops for her own groceries every morning. When Esther was younger, she would head to Main Street and stop at the butcher shop for meat, the bakery for bread, and the farmer s market for fruits and vegetables. Now, she goes to a supermarket, where she can shop for all of those items under one roof and spend much less time buying food for the day. The convenience that Esther enjoys is called <u>contact efficiency.</u>

Explanation:

In the business world, contact efficiency is a strategy used by businessmen to provide flexibility to their customers.

Under this strategy, the numbers of stores are reduced and all the main goods kept and sold under one roof to provide better service to the customers. This strategy makes more money and also saves time and energy of the customers.

In the question, Esther is shopping for all her needs from a single supermarket which makes it more reliable for her, hence depicting a perfect example of contact efficiency.

6 0
3 years ago
All of the following are key characteristics of a monopolistically competitive industry except A. a differentiated product. B. a
Maksim231197 [3]

Answer:

B. Homogenous product

Explanation:

Monopolistic competitive market is a market structure in which there are many sellers selling differentiated product.

Differentiated product are product that vary in taste or style. They are goods that can be substituted.

Monopolistic competitive firms gain some degree of market power by differentiating their products from those of other firms in the industry. Monopolistic competition firms achieve price control by selling a product that is in some​ way(s) different from close substitutes product.

Features of Monopolistic competitive firms

1. Existence of many sellers

2. Heterogeneous goods are sold

3. Existence of close substitute

4. Absence of barrier to entry of new firms and free exit to existing firms.

5. Existence of competitors.

4 0
2 years ago
Conley Company has fixed costs of $8,151,000. The unit selling price, variable cost per unit, and contribution margin per unit f
cluponka [151]

Answer:

Explanation:

Zoro is 80% and 20%, respectively. Determine the break-even point in units of Yankee and Zoro.

5 0
2 years ago
Required information Exercise 6-9A Record transactions using a perpetual system (LO6-5) Skip to question [The following informat
Korolek [52]

Answer:

Littleton Books

Journal Entries:

May 2 Debit Inventory $3,300

          Credit Accounts Payable (Readers Wholesale) $3,300

To record the purchase of books on account, terms, 1/10, n/30.

May 3 Debit Freight-in $200

          Credit Cash Account $200

To record the payment of freight costs for books purchased from Readers.

May 5 Debit Accounts Payable (Readers Wholesale) $400

          Credit Inventory $400

To record the return of books.

May 10 Debit Accounts Payable (Readers Wholesale) $2,900

            Credit Cash Discount Received $29

            Credit Cash Account $2,871

To record the settlement of account.

May 30 Debit Accounts Receivable $4,000

            Credit Sales Revenue $4,000

To record the sale of books on account.

May 30 Debit Cost of goods sold $2,900

            Credit Inventory $2,900

To record the cost of goods sold.

Explanation:

The journal entries in Littleton Books' accounting records show the accounts to be debited and credited as they occur on a daily basis.

6 0
2 years ago
A Super Happy Fun Ball is dropped from a height of 10 feet and rebounds 13/14 of the distance from which it fell. How many times
Phantasy [73]

Answer:

32

Explanation:

First bounce = 13 / 14 × 10 = 130 /14

using geometric progression where the common ratio = 13/14, the first bound = 130/14

ar^n-1 < 1

substitute the values into the equation

130 /14 × 13/14^(n-1) < 1

(13/14)^n-1 < 1÷ (130/14)

(13/14)^n-1 < 14 / 130

take log of both side

log (13 /14)^n-1 < log ( 14/130)

n-1 log (13 /14) < log  ( 14/130)

since log (13/14) negative

n-1 > (log( 14/130)) ÷ ( log (13/14)

n - 1 > 30.07

n > 30.07 + 1 > 31.07

The 32 bounce will the first less than 1 foot

3 0
3 years ago
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