What is the price of the walkman in todays dollars

Assignment Help Business Economics
Reference no: EM13800444

In 1980, Stewie bought a Walkman for $29. If the price index was 25 in 1980 and the price index today is 129, then what is the price of the Walkman in today's dollars?

Reference no: EM13800444

Questions Cloud

What was UNAMs consumption : In the economy of UNAM in 1968 exports were $45, GDP was $570, Government Spending was $85, Investment was $29 and Imports were $2. What was UNAM's consumption in 1968?
GDP from the previously mentioned transactions : In 2010, the Laser Company produced 18 t-shirts. Three of them were sold to Catherine for $551 each, later that same year Catherine sold the now used t-shirts to Max for $540 each. The reaming t-shirts that Laser produced were not sold to anyone that..
What was the change in big oil inventories : The manager of Big Oil Company in Mandeville tells investors that at the end of 2006 they had gasoline in inventory worth $457. In 2007, Big Oil produced gasoline worth $462 and sold gasoline worth $307. What was the change in Big Oil inventories in ..
Gasoline in inventory worth-sold gasoline worth : The manager of Big Oil Company in Mandeville tells investors that at the end of 2006 they had gasoline in inventory worth $378. In 2007, Big Oil produced gasoline worth $294 and sold gasoline worth $384. What was Big Oil's inventory in 2007?
What is the price of the walkman in todays dollars : In 1980, Stewie bought a Walkman for $29. If the price index was 25 in 1980 and the price index today is 129, then what is the price of the Walkman in today's dollars?
German consumer price index : The German Consumer Price Index was 121 in 2010, and it was 87 in 1998. If you put aside $8,014 in 1998, then how much would you need in 2010 to buy what you could have bought with the $8,014 in 1998?
Gasoline in inventory worth : The manager of Big Oil Company in Mandeville tells investors that at the end of 2006 they had gasoline in inventory worth $446. In 2007, Big Oil produced gasoline worth $353 and sold gasoline worth $217. How much did Big Oil add to Mandeville's GDP i..
Market price method of allocating scarse airline seats : On March 31, 2008, Hawaii lost 15 percent of its air service as aloha airlines and the cheap-flight airline ATA suddenly shut down. Stranded travellers were offered flights to west coast cities $1000 one way. Under what conditions the $1000 fare woul..
Example of a managerial decision with risk-averse consumers : Which of the following is NOT an example of a managerial decision with risk-averse consumers? The expected revenues in auctions with risk-averse bidders with independent private values will be: A consumer spends more time searching for a good when he..

Reviews

Write a Review

Business Economics Questions & Answers

  What is the gdp of george and john island

helping him to dig bait for fishing, and he also purchased five of John's mature banana trees for 30 clamshells each. What is the GDP of George and John's island in terms of clamshells

  Impact do foreign imports have on domestic price-quantity

The domestic supply-and-demand diagram below represents a product in which the United States does not have a comparative advantage. What impact do foreign imports have on domestic price and quantity?

  What is the result of an increase in the price of bread

What is the result of an increase in the price of bread, a normal good? The demand curve shifts to the right. The demand curve shifts to the left. The quantity demanded increases. The quantity demanded decreases.

  Foreign -exchange is considered to be derived schedules

The supply and demand for foreign -exchange is considered to be derived schedules. Explain and give examples.

  Reduce the money supply by increasing reserve requirement

The U.S. money supply (M1) at the beginning of 2000 was $1,148 billion broken down as follows: $523 billion in currency, $8 billion in traveler's checks, and $616 billion in checking deposits. Suppose the Fed decide to reduce the money supply by incr..

  Prices of untaxed consumption items

Your state has a retail sales tax of 10% but it exempts food, prescription drugs, and all services including housing services, repair services, and use of electricity and other public utility services.

  Assuming the industry is a cournot duopoly

Illustrate what will be the price of this new drink in the long run, assuming the industry is a Cournot duopoly.

  An estimate of the demand function for household furniture

an estimate of the demand function for household furniture produced the following resultsf 0.0036y 1.08 r0.16 p 0.48

  Explain how much in excess reserves does abc holds

Suppose the T-account for ABC bank is as follows: assets: reserves($150000), loans(250,000)and deposits $400,000.if the fed requires banks to hold a 10 percent of deposits as reserves explain how much in excess reserves does ABC holds.

  Qbased on the production function parametera which industry

q.based on the production function parametera. which industry or industries appears to exhibit decreasing returns to

  Country that produces only cheese

It trades with a country that produces only cheese, and the currency of that country is crowns. The real exchange rate, e, equals 5 wedges of cheese per bottle of wine. The foreign price level is 20 crowns per wedge of cheese, and the domestic money ..

  International businesses frequently face sourcing decisions

International businesses frequently face sourcing decisions and decisions about whether they should make or buy the component parts that go into their final products. Should the firm vertically integrate into the manufacturing of its own component pa..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd