(a)
The value of
Answer to Problem 65P
The value of
The value of
The value of
The value of
The value of
The value of
Explanation of Solution
Concept used:
Write the expression for annual percentage increase in
Here, manager’s salary index of the year is
Write the expression for
Calculations:
Calculate the annual percentage increase in
Substitute
The value of
Calculate the
Substitute
The value of
Calculate the annual percentage increase in
Substitute
The value of
Calculate the annual percentage increase in
Substitute
The value of
Calculate the
Substitute
The value of
Calculate the
Substitute
The value of
Conclusion:
The value of
The value of
The value of
The value of
The value of
The value of
(b)
The base year of
Answer to Problem 65P
The base year of
Explanation of Solution
The base value is taken as
The base year of
(c)
The average annual price increase in salaries from
Answer to Problem 65P
The average annual price increase in salaries from
The average annual price increase in salaries from
Explanation of Solution
Calculations:
The table for average increase in salaries from
Year | MSI | Change in MSI |
Average |
Table (1)
The average annual price increase in salaries from
The table for average increase in salaries from
Year | MSI | Change in MSI |
Average |
Table (2)
The average annual price increase in salaries from
Conclusion:
The average annual price increase in salaries from
The average annual price increase in salaries from
(d)
The
Answer to Problem 65P
The
The
The
Explanation of Solution
Calculations:
Calculate the
Substitute
The
Calculate the
Substitute
The
Calculate the
Substitute
The
Conclusion:
The
The
The
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Chapter 14 Solutions
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