Refer to the above table. You are given information on Collin's consumption for 2010 and 2020. Using 2010 as the base year compute the price index for 2020. The index equals
A. 0.75.
B. 87.50.
C. 73.007.
D. 136.842.
Answer: D
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Two identical firms that share a market and produce a homogeneous good will find the Bertrand Oligopoly LEAST attractive because
A) Cartels generate the highest joint profit. B) a Cournot Oligopoly will generate more profit than a Bertrand Oligopoly. C) they want to avoid a price war that leads to profit erosion and P = MC. D) All of the above.
Municipal bonds pay a relatively
a. low rate of interest because of their high default risk and because the interest they pay is subject to federal income tax. b. low rate of interest because of their low default risk and because the interest they pay is not subject to federal income tax. c. high rate of interest because of their high default risk and because federal taxes must be paid on the interest they pay. d. high rate of interest because of their low default risk and because the interest they pay is not subject to federal income tax.
Improvements in technology provide benefits to:
A) consumers, through lower prices. B) workers, although some jobs may be eliminated. C) firms, through lower production costs. D) all of the above.
If the Fed raises the interest rates on short-term U.S. government bonds, then the Security Market Line shifts:
A. Downward as the risk-free interest rate increases B. Downward as the risk-free interest rate decreases C. Upward as the risk-free interest rate increases D. Upward as the risk-free interest rate decreases