3. Based on the following costs from a retrospective analysis, what is the 2019 value for the three alternatives using a medical consumer price index (MCPI) inflation rate of 2.5% per year? Year Alternative 1 cost (Php) Alternative 2 2016 2017 2018 2019 12,000 32,000 32,000 18,000 17,000 17,000 28,000 30,000 cost (Php) Alternative 3 20,000 21,000 21,000 21,000 cost (Php)
3. Based on the following costs from a retrospective analysis, what is the 2019 value for the three alternatives using a medical consumer price index (MCPI) inflation rate of 2.5% per year? Year Alternative 1 cost (Php) Alternative 2 2016 2017 2018 2019 12,000 32,000 32,000 18,000 17,000 17,000 28,000 30,000 cost (Php) Alternative 3 20,000 21,000 21,000 21,000 cost (Php)
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter7: Consumer Choice And Elasticity
Section: Chapter Questions
Problem 8CQ
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