Using the data in the table below, to complete the tasks for this question.     Data for 2019 (Base Year) Data for 2020   Quantity Price Quantity Price Potato 600 2.50 680 3.00 Rice 840 2.00 800 2.80 Computers 500 850 450 950 Cars 300 15,000 200 18,000

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Q: 3) Consider Tom's utility function:U = x0.5y0.5 with his income of M and prices, P, & Py. a) Assume ...

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Q: 5

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A: Output is the resultant of a production process. 

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A: Correct option is a) "short- run fluctuations in economic activity."

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A: MBTI is used for testing personality in the world.  

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A: please find the answer below.

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A: CPI is measured using fixed basket of goods. 

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Q: Typically, the largest percentage category in the consumer price index (CPI) is O a) food and bevera...

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A: The measure that depicts the value of goods and services being produced in an economy during a speci...

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A: CPI is measured using fixed basket of goods. 

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Q: 5. Number the following supply curves from lowest to highest elasticity.

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A: Labor force equals total workforce in employed as well as unemployed workers.