To find the cost of the CPI market basket in the base period prices we have to multiply the
A) quantities in the CPI market basket by the base period prices and then multiply by 100.
B) quantities in the CPI market basket by the base period prices.
C) current period quantities in the CPI market basket by the current period prices.
D) quantities in the CPI market basket by the current period prices.
E) current period quantities in the CPI market basket by the base period prices.
B
You might also like to view...
If a firm in a monopolistically competitive market has a demand curve shifting to the right, it could be that:
A. negative economic profits are being earned. B. firms are leaving the market. C. the selling price is less than the average total cost of the firm. D. All of these statements are true.
The primary benefit that results when a nation employs its resources in accordance with the principle of comparative advantage is
a. an expansion in investment resulting from a reallocation of resources away from consumption. b. a larger output resulting from a more efficient use of resources. c. greater equality of income resulting from an increase in the number of workers. d. an increase in the profitability of business enterprises resulting from an
A natural monopoly can purposely increase its cost of production by
A. Using government subsidies to offset losses. B. Keeping marginal costs low. C. Using its own unregulated subsidiary to inflate its cost. D. Substituting cheaper inputs.
What must be the case if a perfectly competitive firm's economic loss is less by shutting down rather than by producing and selling some output?
What will be an ideal response?