Answer:
The consumer price index for 2015 on Planet Econ is 1.25
Explanation:
The formula for computing the consumer price index is given below:
= (Total cost in the current year) ÷ (total cost in the base year)
where,
Total cost in the current year equals to
= (Base year book quantity × current year book price) + (base year hamburgers quantity × current year hamburgers price)
= 10 books × $30 + 25 hamburgers × $3
= $300 + $75
= $375
we use the base year quantity for computing the total cost for the current year.
And, the Total cost in the base year equals to
= (Base year book quantity × base year book price) + (base year hamburgers quantity × base year hamburgers price)
= 10 books × $25 + 25 hamburgers × $2
= $250 + $50
= $300
Now put these values to the above formula
So, the answer would be
= $375 ÷ $300
= 1.25
Hence, The consumer price index for 2015 on Planet Econ is 1.25
Brandon is in a band. His band has recently produced a new song. Which intellectual property law best protects the band's song from being stolen or reproduced by others is Copyright.
<h3>
What is Copyright? </h3>
Original works of authorship are protected by copyright, a type of intellectual property, as soon as the author fixes the work in a tangible form of expression.
A product that is considered creative and that takes a lot of mental effort to generate is considered intellectual property and needs to be protected from unlawful replication.
Computer programs, works of art, poetry, graphic designs, musical lyrics and compositions, novels, films, innovative architectural designs, website material, etc. are examples of unique inventions. Copyright is one measure that can be taken to formally protect an original creation.
Hence, Brandon is in a band. His band has recently produced a new song. Which intellectual property law best protects the band's song from being stolen or reproduced by others is Copyright.
To know more about Copyright follow the link.
brainly.com/question/16774161
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No. They are not the same.
Pls mark brainliest.
Answer:
the general welfare will be the sum of consumer surplus and producer surplus.
Explanation:
The consumer and producer surplus assessment serves to measure the overall efficiency of the market, which in turn is associated with overall well-being. An efficient market is one in which both consumers and producers have the incentive to negotiate and effect trade.
Consumer surplus is the difference between the amount he or she is willing to pay and how much he or she actually pays for the product. This surplus is positive when the amount paid is less than the amount for which the consumer would be willing to pay.
Similarly, the producer's surplus is the difference between the market price and the price at which the seller is willing to produce and sell. When the producer's surplus is positive, it means that he sells the product for a price higher than the minimum value that would stimulate him to produce.
Thus, the general welfare will be the sum of consumer surplus and producer surplus.
