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ch4aika [34]
4 years ago
8

45. Consider a small economy in which consumers buy only two goods: pretzels and cookies. In order to compute the consumer price

index for this economy for two or more consecutive years, we assume that:
Business
1 answer:
kakasveta [241]4 years ago
8 0

Answer:

neither the number of pretzels nor the number of cookies bought by the typical consumer changes from year to year

Explanation:

a. the percentage change in the price of pretzels is equal to the percentage change in the price of cookies from year to year. b. the number of pretzels bought by the typical consumer is equal to the number of cookies bought by the typical consumer in each year. neither the number of pretzels nor the number of cookies bought by the typical consumer changes from year to year. d. neither the price of pretzels nor the price of cookies changes from year to year.

The consumer price index measures the changes in the price level of a basket of good. It is used to measure the rate of inflation.

Since the CPI measures changes in price level, it is assumed that quantities of goods purchased remains constant.

I hope my answer helps you

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Jonathan, a supervisor, needs to assess his subordinate's performance. He uses a method that compares one employee with another.
Valentin [98]

Answer:

In the context of types of rating errors, Jonathan commits the contrast error.

Explanation:

Contrast error is a concept which involves the rating of an employee according to any other employee. This is an error in which a person is compared with the other and not to any certain standard. In this concept, an individual sets a standard on which the others' work is evaluated. This type of error majorly occurs during interviews and while evaluating the performances for appraisals.

4 0
4 years ago
Delhoyo Corporation, a manufacturing company, has provided data concerning its operations for September. The beginning balance i
sergeinik [125]

Answer:

$65,000

Explanation:

Computation of the given data are as follows:

Direct material cost = Beginning balance + Purchase - Ending balance

Where, Beginning balance = $37,000

Purchase = $57,000

Ending balance = $29,000

So, by putting the value in the formula, we get

Direct material cost = $37,000 + $57,000 - $29,000

= $65,000

3 0
3 years ago
What's the purpose of the three questions you should ask before using your emergency fund?
WARRIOR [948]

Answer:

to reconsider yourself before spending your emergency funds.

Explanation:

if it's not important then don't use it.

is it unexpected?.. well do you expect to use this fund.

is it necessary?... do you really need this stuff

is it urgent?.... do you need these things right now?

6 0
3 years ago
Chiquita produces bananas for an average explicit cost of $0.25 per banana and sells 1 million bananas per week for a price of $
VLD [36.1K]

Answer:

Chiquita makes an economic profit of $250,000.

5 0
3 years ago
You just won the Powerball and are offered two payment options: 1) Receiving $80 million per year for 25 years beginning at next
laila [671]

Answer: $80 million per year for 25 years

Explanation:

The option you should choose is one that will guarantee you the highest present value.

This means that you need to discount the annual payment of $80 million per year for 25 years to find the present value. As you did not include a rate, we shall assume a rate of 8% for reference purposes.

The annual payment is an annuity so the present value can be calculated by:

Present value of annuity = Annuity payment * Present value interest factor, rate, no. of years

= 80,000,000 * Present value interest factor, 8%, 25 years

= 80,000,000 * 10.6748

= $‭853,984,000‬

<em>The present value of the annual payment is more than the present value of the $850 million received today so the Annual payment should be taken. </em>

7 0
3 years ago
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