Suppose in 2016, the cost of a market basket of goods was $1,990. In 2018, the cost of the same market basket of goods was $2,089. Calculate the price index for 2018, using the price index formula, assume 2016 is the base year. O (Enter your response as an index number rounded to one decimal place.)

Q: Question 5 The price of input X decreases by 15%. In response, the quantity of input Y demanded incr...

A: Answer (5): Given, Percentage decrease in price=-15%Percentage rise in quantity demanded=6% Elastici...

Q: A purchased a small condominium. He paid P350,000 as down payment and agreed to pay P35,000 every 3 ...

A: Down payment amount = P350000 Annuity or the installment amount = P35000 Interest rate = 12% Three m...

Q: Why is it essential for governments and businesses to have a better understanding of Indigenous nati...

A: Government and business have a greater power to influence the culture of the country. Every year bil...

Q: If the Federal Reserve conducts an open-market purchase, bank reserves and the money supply O A) dec...

A: The answer is - B) increase, increases If the federal reserve conduct ma open market purchase, bank ...

Q: 4. What is the significance of the point where the marginal cost curve intersects the average total ...

A:

Q: How much could BTU Oil & Gas Fracking afford to spend on new equipment  every start of the year for ...

A: Given: Profit=P 50 million Duration=3 years Rate of return=20%

Q: In 2001, the United Kingdom's economy exported goods worth £192 billion and services worth another £...

A: With the help of given values, the following factors can be calculated: a) The U.K. merchandise trad...

Q: Amadea spends all her income on pizza, chocolate milk, and music streams. The price of pizza is $4 p...

A: Answer: Given, Price of pizza PP=$4 per slicePrice of chocolate milk PCM=$2 per bottlePrice of music...

Q: or all parts of this question, assume that the log of GDP per capita is normally distributed with a ...

A: Given  Mean of log GDP per capita =8.7 Standard deviation =1.5 We have to calculate the value of inc...

Q: QUESTION 3 3A. Construct a market for cotton imported into the U.S. with an equilibrium price of $1/...

A: It refers to a scenario in which the quantity demanded of a commodity is equal to the quantity suppl...

Q: Irina just recently sold a $2,000 par value government of Canada zero-coupon bond for $1,100. If the...

A: A zero-coupon bond is that bond that pays no interest and is tarded at its face value/par value.   Z...

Q: effect did the recession of 2007–2009 have on government regulation?

A: The Great Recession was the sharp decline in economic activity during the late 2000s. It is consider...

Q: In October 2015, amid rising fears about the security of credit card transactions, financial institu...

A: Rebuy means to buy back something.  

Q: I’m trying to practice how to derive Lorn run and short run cost functions could I have explanations...

A: Production function : Q=L1/2K1/2 Marginal Product of Labor=MPL=dQ/dL=1/2L-1/2K1/2 Marginal Product o...

Q: Your student film society is looking for an auditorium to use for an all day Hitchcock film program ...

A: Your student film organization is seeking a venue to host an all-day Hitchcock fest and is willing t...

Q: Why should the government let firms share technologies with other firms to ensure an efficient econo...

A: National prosperity is made, not acquired. It doesn't outgrow a country's regular blessings, its wor...

Q: Which statement is CORRECT? O A) Automatic stabilizers indicate deliberate action by policy makers. ...

A: Answer: In the case of discretionary fiscal policy, the government takes deliberate action to either...

Q: Distinguish between autonomous and accommodating balance of payment transaction..

A: The economies around the globe are involved in the use of their resources in such a way that the max...

Q: Fl an the following tabie with the quantty sold, the price buyers pay, and the price sellers receive...

A: To find exects values on the given supply and demand curve, we will find the demand and supply curve...

Q: 11. A tariff on imports benefits domestic producers of the imported good because A. They get the tar...

A: Economic externalities are the extra costs or benefits that occur to a third party that is not a par...

Q: Problem is given: A dealer deals in only two items: sewing machines and table fans. He has $ 5,760 t...

A: Answer is given in the final step:

Q: Analyse the Situational environments with example organization. (E.g. External such as PESTEL, Porte...

A: PESTLE are the tools that would make the company understand the competitive positions in the markets...

Q: ed to one decimal place.)

A: Cost of a market basket of goods in 2016 = $1950 Cost of a market basket of goods in 2018 = $2085 20...

Q: 2. In a BCG Matrix, would the Question Mark quadrant or the Cash Cow quadrant be more desirable? Exp...

A:

Q: According to the table, in which year did buyers of six-month Treasury bills receive the highest rea...

A: According to the Fisher equation: Real interest rate = Nominal interest rate - inflation rate The gi...

Q: If someone computes for the MARR using AW Method and AW becomes positive at a certain fixed interest...

A: Interest Rate is the cost of borrowing or return rate on lending money. It is the percentage of the ...

Q: Fil in the columes with Masasi's free-throw percentage for each garme and his overal free-throw aver...

A: Game Game Result (G) Total (T) Game Free throw percentage (G x 100) Avg Free Throw percentage (T ...

Q: An increase in the expected price of commodity would likely to follow the current supply and demand ...

A: Demand shows the quantities of goods that a customer is willing to buy at various prices over a part...

Q: A consumers utility function is given by U(X1, X2)=Xa1X21-a where  A>0, 0<a<1 A consumer also faces ...

A: We have utility function  U(X1,X2)=X1aX21-a           ...... (1) Where p1and p2 are the prices and M...

Q: Consider a monopoly with the following marginal cost and demand curves: MC=2Q+200,p=2,600−2Q a. Wha...

A:

Q: Portia owns and manages a sporting apparel company. Consider the given average cost (AC), ayerage va...

A: Average fixed cost = total fixed cost / quantity

Q: 1. Consider utility function Ux1,x2=x,0.5x20.5 for x1<0 and x2<0.Show that the function satisfies (i...

A: The utility is the capacity of good that satisfies human wants.

Q: Market externalities are Select one: a. the effects of market activity not accounted for in the cost...

A: An externality stems from the production or consumption of a good or service, resulting in a cost or...

Q: 2.      Due to pandemic since 2020, many business establishment shutdowns because of insufficient fu...

A: Many business establishment shutdowns that is likely to cause an insufficient funds and it is suppos...

Q: The Brander-Spencer analysis states that: O Monopoly profits can be eliminated by trade policies. O ...

A: Brander-Spencer analysis: The term Brander and Spencer refers to the representation that in the resu...

Q: Which of the following DOES NOT agree with the definition/description of B/C ratio? A. B/C ratio can...

A: The benefit-Cost ratio is used by the government and private organisations to check the viability an...

Q: Suppose you want to have P 1 million saved by the time you reach age 50 and suppose that you are 20 ...

A: PV = FV(1+r)nwhere PV is present value FV is Future value r is interest rate n is time period 

Q: Which of the following pairs of conditions must be met for dumping to occur? O The industry must be ...

A: Dumping in the monetary world happens when an organization or a nation sends out its items at a cost...

Q: According to the net exports effect, as the price level falls relative to the rest of the world, Gr...

A: The Net export is difference between the export and import. The change in the price level affects th...

Q: The transition from short-run to long-run equilibrium in a monopolistically competitive industry is ...

A: Perfect competition is a type of market structure in which there are large number of buyers and sell...

Q: If the exchange rate between the U.S. dollar and the Japanese yen were such that one U.S. dollar equ...

A: Fixed or fluctuating exchange rates are available. Fixed currency rates are set by a country's centr...

Q: EOC 16.05 (and 16.06) Who likely gets charged the lowest price for a rental car? Select an answer an...

A: Elasticity measures the responsiveness of quantity demanded with respect to change in price.

Q: 21. The amount of bread (in hundreds of pounds) x that a certain bakery is able to sell in a day is ...

A:

Q: Back in the 1950s, General Motors (GM) was at its peak. It was widely viewed as a shining example of...

A: Competition is frequently confused with rivalry. When there are two or more firms, there can be comp...

Q: If, for a given percentage decrease in price, quantity supplied decreases by a proportionately small...

A: Elasticity of supply measures the responsiveness of quantity supplied with respect to change in pric...

Q: Ultra Petroleum (UPL) has earnings per share of $1.56 and a P/E ratio of 32.48. What’s the stock pr...

A: Given:Earnings per share(EPS)=$1.56P/E ratio=32.48

Q: 2. Consider a firm that has the following production function, q = 3L3KŠ, where the rental rate (r) ...

A: In economics, a production function gives the technological relation between quantities of physical ...

Q: b. Discretionary spending accounts for approximately of the federal budget, whereas mandatory two-th...

A: Discretionary spending refers to the government expenditure that is not pre-planned by the governmen...

Q: iscuss various ways to handle property tax reform

A: Tax reform is usually carried out to increase the efficiency of tax administration. To maximise the ...

Q: Ray is an employee at COB company who likes having burger (x) and Pepsi (y) during the break and the...

A: Introduction Ray is in the employee of COB company which likes to having burger (x) and Pepsi (y) du...