In 2020, an adult season pass lift ticket for Devil's Head Ski Resort in Merrimac, WI costs $429. If lift ticket prices have grown proportionally to the Consumer Price Index (see table), what would a season pass have cost in the year 2014? Year CPI Index 2000 172.2 2003 184.0 2005 195.3 2009 214.5 2012 229.6 2014 236.7 2015 237.0 2016 240.0 2017 245.1 2018 251.1 2019 255.7 2020 259.9 Round your answer to the nearest whole dollar amount.

In 2020, an adult season pass lift ticket for Devil's Head Ski Resort in Merrimac, WI costs $429. If lift ticket prices have grown proportionally to the Consumer Price Index (see table), what would a season pass have cost in the year 2014? Year CPI Index 2000 172.2 2003 184.0 2005 195.3 2009 214.5 2012 229.6 2014 236.7 2015 237.0 2016 240.0 2017 245.1 2018 251.1 2019 255.7 2020 259.9 Round your answer to the nearest whole dollar amount.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter7: Production Economics

Section: Chapter Questions

Problem 11E

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Year	CPI Index
2000	172.2
2003	184.0
2005	195.3
2009	214.5
2012	229.6
2014	236.7
2015	237.0
2016	240.0
2017	245.1
2018	251.1
2019	255.7
2020	259.9

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