Solution:
Answer:
<em>Hope this was helpful.</em>
Hey everybody! Not a super hard question here! Anybody think they can help me out?
1 answer:
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Answer:
Step-by-step explanation:
The information given in the question can be represent in a table format for better understanding with the additional columns as follows:
Items Weights Q₀ Prices P₀ Prices P₁ P₀Q₀ P₁Q₀
Cashew 1 $12.50 $17.00 $12.50 $17.00
Pecans 1 $4.00 $4.00 $4.00 $4.00
Almonds 1 $5.50 $3.00 $5.50 $3.00
Total $22 $24
Can you say what happened to the overall "price level"?
The changes in overall price level can be a result of a condition termed as inflation rate
How might you construct a measure of the "change in price level"?
To construct a measure of the change in price level; we need to determine the consumer price index (CPI).
The consumer price index can be determined by using the relation:
= 109.0%
consumer price index (CPI) is 109.0% ; This implies that there is a 9.9% inflation in the economy.
Answer:
Step-by-step explanation:
y=-1/3x+9
This is written in the format y=mx+b, where m is the slope and b the y-intercept (the value of y when x=0).
Perpendicular lines have a slope that is the negative inverse of the slope of the reference line, in this case -(1/3). The new slope is 3. equation is:
y = 3x + b
To find b, enter the given point, (-6,-2) and solve for b:
y = 3x + b
-2 = 3(-6) + b
-2 = -18 + b
b = 16
The full equation is y=3x + 18
