The CPI today is 120 and the CPI five years ago was 80 Product A used to cost $36 five years ago. How much would it cost in today's prices? Select one: а. $54 b. $24 С. $46 d. $36 е. None of the answers are correct

The CPI today is 120 and the CPI five years ago was 80 Product A used to cost $36 five years ago. How much would it cost in today's prices? Select one: а. $54 b. $24 С. $46 d. $36 е. None of the answers are correct

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

The CPI today is 120 and the CPI five years ago was 80.
Product A used to cost $36 five years ago. How much
would it cost in today's prices?
Select one:
а.
$54
b.
$24
С.
$46
d.
$36
е.
None of the answers are correct

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