The CPI in a country is 109.83 in 1985 and 255.64 in 2020. Assume the price of a movie ticket in 1985 was $2.75. Only adjusting for inflation, what would the price of a movie ticket be in the country in 2020? Please round to two decimal places and do not include the dollar sign ($) in your answer.

Q: Assuming perfect competition in the market for Good A, let's assume that the equilibrium market…

A: Given that good A and good B are substitutes. According to the definition of substitute goods, when…

Q: lease no written by hand Regarding the paper: How and why US health care differs from that in other…

A: OCED(Organization for Economic Co-operation and Development): An international organization made up…

Q: A firm's average total cost is £80, its total fixed cost is £1000 and its output is 100 units. Its…

A: Total cost is the sum of fixed cost and variable cost.  Variable cost changes with the change in…

Q: Among the people who are characterized below, who has the highest opportunity cost of leisure?…

A: Opportunity cost is the worth of the following best alternative that should be forgone to seek after…

Q: What is meant by the term "commodity money"? a) A type of certificate of deposit that can be used to…

A: Money is anything that is accepted as a medium of exchange to buy goods and services, and have store…

Q: OOO P O 0 A E B a. Оа b. Oc C. Ob d. Od F a b G C H D 1 с J d S' FIGURE 2. D S Q P 0 Large Exporter…

A: Market equilibrium: At the market equilibrium we have demand equals to supply. Or at market…

Q: a. Derive the General Equilibrium simultaneous equation for economy Z. Further comment on the…

A: First, let's rewrite the consumption function as: C = C0 + C1(Y - T - tY) = C0 + C1(1 - t)Y - C1T…

Q: Siven that Sydney invested $50,000 in 2013, and her investment is now worth $135,000 in present-day…

A: Equivalent value of an investment alludes to the value of the investment adapted to changes in…

Q: Suppile Wage (Thousands of workers) (Thousands of workers) $7.50 625 375 Shortage or Surplus?…

A: Minimum wage is the legal wage level where the market can't hire workers at less than the minimum…

Q: John has a balance of $2500 on his card that charges 1% interest per month on any unpaid balance…

A: Given:  Initial balance : $2,500  Balance each month after making the payment is given as:  => Bn…

Q: Consider a world composed of two countries, Home (H) and Foreign (F). Individuals living in each…

A: In an economic model, agents have a comparative advantage over others in producing a particular good…

Q: The structural unemployment rate is 1.5 percent, the frictional unemployment rate is 3.1 percent,…

A: The state of an economy refers to the overall performance and health of a country's economic system.…

Q: Figure 7-2 r Refer to Figure 7-2. With a quadratic production with fixed capital Q=A+BL+CL² and the…

A: A mathematical relationship that depicts the level of output that can be produced from a set of…

Q: Alcem Pte. Ltd. Is in the business of manufacturing cement. The company sets up a 1 million ton…

A: Marginal cost and marginal revenue are compared to on making a decision on the profit-maximizing…

Q: What is meant by the term "monopsony power"? Monopsony power refers to O A. the seller's ability to…

A: In economics, a market is a place where potential buyers and potential sellers interact with each…

Q: c. In the two coordinate axes below, illustrate an initial situation where a firm is initially…

A: In a perfectly competitive market, the producers and consumers are the ones who accept the price…

Q: 4. Determinants of aggregate demand The graph below is associated with a hypothetical country.…

A: Aggregate demand is composed of consumption spending, investment spending, government purchases, and…

Q: The table below indicates the utility which Jing gets from eating cookies: Cookies consumed Total…

A: Utility means satisfaction.  The marginal utility is the utility derived from the consumption of an…

Q: 1.The Competitive Firm. P a. In the two coordinate axes below, illustrate the relationship between…

A: Demand is a desire backed by purchasing power. when a consumer has the power and willingness to buy…

Q: analyze the effect of fiscal and monetary policy in Zimbabwe's inflation

A: Fiscal policy is an approach wherein the government at the national level uses measures such as…

Q: 10. A large sample of X-Y data values are analyzed and reveal a correlation coefficient <8 2866 of…

A: The correlation shows the relationship between the two variable. it however, does not show the cause…

Q: When exchange rates are defined as foreign currency per dollar and foreign goods per US goods, the…

A: The value of one country's currency (say, USD) relative to another country's currency (say, CNY),…

Q: concept of fiscal and monetary policy with own perceptive point of view

A: Economic policy is the set of measures and strategies implemented by governments or other governing…

Q: An automated assembly robot that cost $356,000 has a depreciable life of 5 years with a $95,000…

A: When there is MACRS calculation then salvage value will not be considered. The depreciation rate…

Q: QUESTION 22 What happens if a single firm in a perfectly competitive market raises its price above…

A: Perfectly competitive market refers to a market scenario in which there are many sellers and buyers…

Q: Below is the productivity per worker (kilos per day) in the wheat and bean industries of Caledonia…

A: Opportunity Cost: It refers to the foregone revenue on the next best alternative if we pick a…

Q: QUESTION 7 The following table shows GDP per capita in the UK and China, measured in US dollars.…

A: GDP - The full form of GDP is gross domestic product. It is the final value of all the goods and…

Q: Assume that an economy with an MPC of 0.8 is experiencing a recessionary gap of $25 billion. The…

A: The marginal propensity to consume (MPC) is a crucial idea in macroeconomics because it assesses an…

Q: Indicators of income inequality and poverty Country Gini coefficient Australia Belgium Canada France…

A: The "Gini coefficient," which is directly linked to the Lorenz curve, is the most commonly used…

Q: Suppose we have two people in the market for good x: Adam, Barbara. Their demand functions are as…

A: Xa = Max{0,20-2p}  Xb = Max{0,30-2p} P = 40

Q: MC of monopolist is $10, d curve is Q=100-P, MR= 100-2Q what is the deadweight loss? what is the…

A: A market structure where a single firm or entity has complete control over the production,…

Q: At a price of $4.69 per pound, the supply for cherries is 16,210 pounds, and the demand is 10,280…

A: Demand is a desire backed by purchasing power. when a consumer has the power and willingness to buy…

Q: What is the quantitative theory of money? What are its components? If the Fed wants to have zero…

A: The quantitative hypothesis of money is a hypothesis in economics that recommends that there is an…

Q: A risk neutral investor in an uncertain environment is facing the following payoffs and…

A: Maximum willingness to pay for the invest the expected outcome for a risk neutral agent

Q: If the town's MARR is 10% per year, use the B-C ratio method to determine which system is best.…

A: The capital investment cost is the initial cost of investing in a specific project or asset. The…

Q: effect of fiscal and monetary policy on consumer spending in Zimbabwe

A: The set of actions undertaken in which the government makes use of spending and taxation to…

Q: QUESTION 28 What is explained by accelerator theory? O a. The way in which a small injection leads…

A: Accelerator theory - Accelerator theory states that expenditure on investment increases as the…

Q: Major Money Market Securities contains (Treasury bills, Commercial paper, Negotiable CDs, Banker's…

A: Low-risk financial instruments known as money market securities are frequently issued by…

Q: 1. What are the Five most common Types of Taxes? Give Examples.

A: Tax alludes to a mandatory financial charge or duty forced by an administration on people or…

Q: The world airline system is composed of the routes X and Y, each of which requires 10 aircraft.…

A: Operating Costs - Aircraft Type Route X Route Y A 1.60 1.60 B 2.60 2.10 C 4.60 3.60…

Q: Suppose that two mining companies, Australian Minerals Company (AMC) and South African Mines, Inc.…

A: The outcome which depends on the strategies of the players is called the pay-offs. The strategies…

Q: QUESTION 3 X and Y are complementary goods. When the price of X is £5, consumers buy 1000 units of…

A: Price elasticity determines the % change in the supplied quantity with respect to a unitary change…

Q: Cyber Novelties Cyber Novelties is a direct sells company that sells small gadgets over the…

A: TR is the total amount of money earned by a company from selling its products or services. It is…

Q: Questions 13-15: In the upcoming year, the income from your current job will be $90,000. There is a…

A: Expected utility : Suppose there are 2 possible alternatives A &amp; B. A will occur with…

Q: Sandy Cove is the only beach resort on a small island and the only beach activity it offers is jet…

A: In a monopoly market structure,  There exists a single seller.  The monopolist maximize its profit…

Q: QUESTION 21 Price E. C B Quantity 52 50 51 Fig.3.3 Refer to Figure 3-3. A change from Point A to…

A: Demand curve is the downward sloping curve.  Supply curve is the upward sloping curve.  Equilibrium…

Q: The Federal Reserve has announced that they are cutting interest rates for the third time this year.…

A: The Federal interest rate, also known as the federal funds rate, is the interest rate at which banks…

Q: On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when…

A: The demand curve depicts the combination of price and quantity demanded, keeping other factors of…

Q: Nike and Adidas face the following coordination problem in trying to decide whether to conduct heavy…

A: We have to check for both pure strategy Nash equilibrium and Mixed strategy Nash equilibrium

Q: 2. A consumer’s demand for a medical service is: Q = 100 - ?? where ?? is the out-of-pocket price…

A: ***Given: consumer’s demand for a medical service is: Q = 100 - ??. Since ?? is stated as the…