Information effect the calculation of the inflation rate

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Q. C. If you were to learn that a bottle of Gatorade Increased in size from 2011 to 2012, should that information effect the calculation of the inflation rate?-If so, Elucidate how?

Q. Farmer McDonald gives banjo lessons for $20 an hour. one day, he spends 10 hours planting $100 worth of seeds on his industry.Illustrate what opportunity cost has he incurred? Illustrate what cost would his accountant measure? If these seeds will yield $200 worth of crops, does McDonald earn an accounting profit? Does he earn economic profit?

Reference no: EM1322908

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