The formula for calculating the CPI is

A) (Expenditures in the current year × Expenditures in the base year)/100.
B) (Expenditures in the base year/Expenditures in the current year).
C) (Expenditures in the base year × 100)/(Expenditures in the current year).
D) (Expenditures in the current year/Expenditures in the base year) × 100.


D

Economics

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Indicate whether the statement is true or false

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The manner in which one oligopolist reacts to a change in price, output, or quantity on the part of another oligopolist in the industry is known as

A) a positive-sum game. B) the reaction function. C) a noncooperative game. D) a zero-sum game.

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The total utility from consuming five donuts is 9, 19, 30, 38, and 45 utils, respectively. Marginal utility begins to diminish after consuming the ____ donut

a. first b. second c. third d. fourth

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A rightward shift of a demand curve is called a(n)

a. increase in demand b. decrease in demand c. increase in quantity demanded d. decrease in quantity demanded e. increase in supply

Economics