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3 years ago

If the price of a soda was 15 cents in 1970, when the cpi was 50, and 50 cents in 2007, when the cpi was 172, then

Business

2 answers:

Lilit [14]3 years ago

6 0

Answer:

Increase in price $0.35 and consumer price also increase.

Soda after 37 years, consumer 122.

Explanation:

As per the question,

Soda was 15 cents in 1970, when the cpi was 50

50 cents in 2007, when the cpi was 172, then

cpi= N.price/ Old.price

= 0.50/0.15

=3.33

No major increment after 37 years.

MA_775_DIABLO [31]3 years ago

3 0

Answer:

It then means that there was an increase in price of $0.35 and an increase in the Consumer Price Index of 122 of Soda after 37 years for inflationary reasons.

Explanation:

The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them.

Solution

CPI = New Price/ Old Price

Where:

Old Price = $0.15

New Price = $0.50

∴ = 0.50/0.15

CPI = 3.33

Then there was no significant rise on inflation since the CPI for 37 years was 3.33

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Jade, a scientist working in the research department of corals cosmetics, is asked to not report the ill-effects of using a new

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4 years ago

The following Information applies to the questions displayed below.) Bargain Rental Car offers rental cars in an off-airport loc

butalik [34]

Answer:

a. The variable cost per rental return is $4.04.

b. The monthly fixed cost Incurred to wash cars is $1,376.

Explanation:

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Since Σ = Total of or summation of, we can therefore obtain the following from the attached excel file:

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a. calculation of variable cost per rental return

To calculate the variable cost per rental return, the following formula is used:

Variable cost per rental return = (NΣxy − ΣxΣy) /((NΣx²) − (Σx)²) ……………… (1)

Substituting the relevant values into equation (1), we have:

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Download xlsx

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3 years ago

Jacob has built up a wide network of contacts, clients, and local business neighbors since moving to Central City five years ago

Nata [24]

Answer:

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3 years ago

Read 2 more answers

Suppose there are only three firms in a market. The largest firm has sales of $500 million, the second-largest has sales of $300

belka [17]

Answer:

50% share.

Explanation:

Given:

There are only three firms in a market.

The largest firm has sales of $500 million.

The second-largest has sales of $300 million.

The smallest has sales of $200 million.

Question asked:

The market share of the largest firm is ?

Solution:

As we know:

$Market\ share=\frac{Total\ sales\ of\ the\ firm}{Total\ sales\ of\ the \ market} \times100$

Total sales of the largest company = $500 million.

Total sales of the market = Sales of largest firm + Sales of second largest firm+ Sales of smallest firm

Total sales of the market = $500 million + $300 million + $200 million

= $1000 million

$Market\ share=\frac{Total\ sales\ of\ the\ firm}{Total\ sales\ of\ the \ market} \times100$

$=\frac{500}{1000} \times100\\ \\ =\frac{50000}{1000} \\ \\ =50\%$

Therefore, the market share of the largest firm is 50%.

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4 years ago

If the price of a soda was 15 cents in​ 1970, when the cpi was​ 50, and 50 cents in​ 2007, when the cpi was​ 172, then

If the price of a soda was 15 cents in 1970, when the cpi was 50, and 50 cents in 2007, when the cpi was 172, then