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Author Question: The formula for calculating the CPI is A) (Expenditures in the current year Expenditures in the ... (Read 76 times)

Pineappleeh

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The formula for calculating the CPI is
 
  A) (Expenditures in the current year  Expenditures in the base year)/100.
  B) (Expenditures in the base year/Expenditures in the current year).
  C) (Expenditures in the base year  100)/(Expenditures in the current year).
  D) (Expenditures in the current year/Expenditures in the base year)  100.

Question 2

Even though it often does not result in profit maximization, some small firms use a cost-plus pricing strategy anyway because
 
  A) they sell several products, each of which sells for a different price. The time and expense involved in finding the profit-maximizing price for each product are not worth the effort.
  B) they do not understand what marginal revenue and marginal cost mean.
  C) it is easy to use.
  D) it is expensive to hire an economist who can determine what the profit-maximizing price is.


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momo1250

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Pineappleeh

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


Dinolord

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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