Table 10.2: Price DataBase-YearCurrentYearSoda PriceSoda Price1 (base$0.54$0.54Year)$0.54$0.753$0.54$0.804.$0.54$1.00Refer to Table 10.2. What is the price index for the third year?O 100.00O 185.19148.15O138.89

The formula is: PI =(Current year basket cost / base year basket cost )*100

Table 10.2: Price Data Base-Year Current Year Soda Price Soda Price 1 (base $0.54 $0.54 Year) $0.54 $0.75 $0.54 $0.80 $0.54 $1.00 Refer to Table 10.2. What is the price index for the third year? O 100.00 O 185.19 148.15 138.89 23 4

Table 10.2: Price Data Base-Year Current Year Soda Price Soda Price 1 (base $0.54 $0.54 Year) $0.54 $0.75 $0.54 $0.80 $0.54 $1.00 Refer to Table 10.2. What is the price index for the third year? O 100.00 O 185.19 148.15 138.89 23 4

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
Refer to Table 10.2. What is the price index for the third year?
O 100.00
O 185.19
148.15
O138.89

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