Refer to Table 20-3. Assume the market basket for the consumer ...

[nevelica]

Refer to Table 20-3. Assume the market basket for the consumer price index has three productsCokes, hamburgers, and CDswith the following values in 2011 and 2016 for price and quantity: The Consumer Price Index for 2016 equals
 
  A) 75. B) 93. C) 108. D) 121.

Question 2

Refer to Figure 16-5. Suppose the firm represented in the diagram decides to use a two-part pricing strategy such that it charges a fixed fee and a per-unit price equal to the monopoly price.
 
  What is the revenue collected from the fixed fee portion of the price?
  A) 10,240 B) 7,870 C) 2,560 D) 1,440

[ju]

Answer to Question 1

D

Answer to Question 2

C

[nevelica]

Excellent

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