ect196CoffeeTuitionPizzaItemStreaming TVVacation(9)Quantity20 pounds1 year150 pizzas12 months1 weekInflation Weighting ProblemUnit Price$74,0001030350Total BudgetExpenditure (Q XP)Item Weight

ItemQuantityUnit PriceExpenditure (in $)Item WeightCoffee20 pound$ 71400.22Tution1…

Answered: Coffee Tuition Pizza Item Streaming TV…

Coffee Tuition Pizza Item Streaming TV Vacation Quantity 20 pounds 1 year 150 pizzas 12 months 1 week Unit Price $7 4,000 10 30 350 Total Budget Expenditure (QX P) Item Weight

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

ect
19
6
Coffee
Tuition
Pizza
Item
Streaming TV
Vacation
(9)
Quantity
20 pounds
1 year
150 pizzas
12 months
1 week
Inflation Weighting Problem
Unit Price
$7
4,000
10
30
350
Total Budget
Expenditure (Q X
P)
Item Weight

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Step 1: Inflation Weighting Problem

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Step 2: Annual item expenditure

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Step 3: Item Weight : (1) 140/6350 = 0.022 (2) 4000/6350 =0.629 (3)1500/6350 = 0.236 (4) 360/6350 =0.057

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