+1-415-670-9189
info@expertsmind.com
How should that information affect your calculation
Course:- Business Economics
Reference No.:- EM1349723




Assignment Help
Assignment Help >> Business Economics

suppose that people consume only three goods, tennis balls 2009 price $2 and the quantity 100 2010 price $2 and the quantity 100 Golf ball 2009 price $4 and the quantity 100 2010 price $6 and the quantity 100 bottle of gatorade 2009 price $1 and the quantity 200 2010 price $2 and the quantity 200 a, what is the precentage change in the price of each of the three goods b. using a method similar to the consumer price index, compute the percentage change in the overall price level c. if you were to learn that a bottle of gaterade increased in size from 2009 to 2010, should that infomation affect your calculation of the inflation rate? if so how? d. If you were to learn that gatorade introduced new favors in 2010, should that information affect your calculation to the inflation rate? if so how?




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Consider the depreciation of a $5,000 asset with $0 salvage value using both the DDB and MACRS depreciation methods. Assume a 5-year depreciable life. Develop the complete dep
A company is producing 15,000 units. At this output level, marginal revenue is $22, and the marginal cost is $18. The firm sells each unit for $48 and average total cost is $4
Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigaret
Make a table showing the value of marginal product for each screen from the first through the fifth. Illustrate what property is illustrated by the behavior of marginal prod
How do average variable cost, average fixed cost, and marginal cost vary as production levels for a firm are increased? Draw a curve for average fixed cost (AFC) as production
Suppose you and a classmate are playing a game where your classmate proposes a division of? $1.00. ? Then, you either accept or reject the offer. If you? accept, then you and
Consider a factor-specific model with capital (K) being specific to manufacturing and land (L) to agriculture.  What is the corresponding percentage change in the nominal rent
An industry consists of a dominant firm with costs C(Qd) = Qd and 8 identical fringe firms, each with costs c(q) = 1 + q^2. Market demand is Q = 20 - p. What is the supply sch