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Author Question: The price to attend a NBA basketball game in Chicago is 55 while the CPI in Chicago is 153. The CPI ... (Read 233 times)

kshipps

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on: Jul 1, 2018
The price to attend a NBA basketball game in Chicago is 55 while the CPI in Chicago is 153. The CPI in Charlotte is 108 while the price to attend a NBA basketball game is 52.
 
  Which city offers a smaller real cost of attending a NBA basketball game?

Question 2

Refer to Scenario 7.1. The total cost to produce 100 cookies is
 
  A) 0.10
  B) 0.25
  C) 25.00
  D) 100.00
  E) indeterminate


makaylafy

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Reply #1 on: Jul 1, 2018
Answer to Question 1

Chicago real value NBA(Charlotte) = 153(52)/108 = 73.67. The real value of a game in Charlotte exceeds the real value of a game in Chicago. Chicago offers a smaller real cost of attending a game.

Answer to Question 2

C


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