Table 10.2: Price DataBase-YearCurrentYearSoda PriceSoda Price1 (base$0.54$0.54Year)$0.54$0.753.$0.54$0.804$0.54$1.00In Table 10.2, the price of soda at the end of three years had increased byO 48.15%O 46.15%O 85.19%O 38.89%

Initial Price=$0.54 Price after three years=$1 Change in price=[(Final price-Initial price)/Initial…

Answered: Base-Year Current Year Soda Price Soda…

Base-Year Current Year Soda Price Soda Price 1 (base $0.54 $0.54 Year) $0.54 $0.75 $0.54 $0.80 4 $0.54 $1.00 In Table 10 ? the price of soda at the end of three years had increased by

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Table 10.2: Price Data
Base-Year
Current
Year
Soda Price
Soda Price
1 (base
$0.54
$0.54
Year)
$0.54
$0.75
3.
$0.54
$0.80
4
$0.54
$1.00
In Table 10.2, the price of soda at the end of three years had increased by
O 48.15%
O 46.15%
O 85.19%
O 38.89%

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