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Consumer Price Index Calculate a new consumer price index for the data in the following exhibit. Assume that current-year prices of Twinkies, fuel oil, and cable TV are $0.95/package, $1.25/ gallon, and $15.00/month, respectively.
Calculate the current years cost of the market basket and the value of the current years price index. What is this year's percentage change in the price level compared to the base year?
Illustrate a supply or demand curve shift for the following article-The majority of grain and oilseed futures are traded on the Chicago Board of Trade (CBOT). Government estimates released on Monday, January 12, 2009 sent CBOT grain and oilseed
In October 2004 and 2005, real GDP in the United States increased by 3.6 percent, while nonfarm payroll jobs increased by only 1.4%.
pollys pet store on the island of atlantis has a local monopoly on the grooming of dogs. there are 1000000 citizens of
Your company is considering the purchase of new earth movingequipment. The total purchase is $240,000 and we pay with $100,000 cash and borrow therest. (12% per year nominal, compounded monthly for 5 years).
A movie theater has estimated that demand for a movie ticket can be written as P1=10-Q1 for senior citizens and P2 = 12 - Q2 for rest of the consumers.
the nation of ectenia has 20 competitive apple orchards which sell apples at the world price of 2. the following
The necessary change in taxes and government spending and the effect on aggregate demand, GDP, and employment.
Evaluate the macroeconomic implications and microeconomic consequences of a monopolistically competitive firm or an oligopoly firm filing for bankruptcy
Compute point price elasticity of demand for this product.
The Crank Yankers DVD season two has been a hot seller during recent weeks. An examine of weekly demand shows:
1. according to the economic way of thinking why does cheaper used textbooks raise enrollment at csulb?a. cheaper used
Suppose you produce one more pair at a marginal cost of $20. If you do produce that fifth pair of shoe, what will your average total cost be. has your average total cost increased or decrease. why.
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