In 1986, Ken bought a Ford Mustang for $8,000 . If the price index was 122 in 1986 and the price index was 280 in 2011, then what is the price of the Mustang in 2011 dollars?
a. $3,485.71
b. $8,100.71
c. $18,360.66
d. $22,400.00
c
You might also like to view...
The interest paid on corporate bonds is not subject to federal taxes.
Answer the following statement true (T) or false (F)
You are the manager of a firm that produces output in two plants. The demand for your firm's product is P = 120 ? 6Q, where Q = Q1 + Q2. The marginal costs associated with producing in the two plants are MC1 = 2Q1 and MC2 = 4Q2. How much output should be produced in plant 1 in order to maximize profits?
A. 6 B. 12 C. 3 D. 9
All externalities:
A. create either a cost or benefit to a person other than the person who caused it. B. are harmful to society and create costs external to the decision maker. C. are addressed by the government through taxation. D. are beneficial to society and create benefits external to the decision maker.
The ________ unemployment rate can be pushed below the ________ rate, but only in the short run and not without inflation.
A. frictional; structural B. natural; cyclical C. measured; natural D. cyclical; frictional