This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the current price of DVDs is 16, while its base-year price is 11.50 . The value of the price ... (Read 583 times)

debasdf

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
Suppose the current price of DVDs is 16, while its base-year price is 11.50 . The value of the price index for the current year is approximately:
 a. 139
  b. 39
  c. 25
  d. 160
  e. 172

Question 2

Suppose the price index is 100 in the base year and the price of a pound of oranges in that year is 1.96 . Now, if the price index changes to 105 in the following year, how much would a pound of oranges cost?
 a. 2.45
  b. 0.25
  c. 1.96
  d. 2.06
  e. 1.50


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Li Jun

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


debasdf

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
Wow, this really help

mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

acid base balence acid base balence
Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
20,000 year old Arctic ground squirrel mummy 20,000 year old Arctic ground squirrel mummy
Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa
Acid–Base Balance Acid–Base Balance
Chinese new year 2023 Chinese new year 2023
Video: Leukemia

For a complete list of videos, visit our video library