The table below shows the prices of baseballs and baseball bats for three years. Assume the typical consumer's basket consists of 6 baseballs and 2 baseball bats. Year 2008 2009 2010 Price of a Baseball $3.25 $3.75 $4.50 Price of a Baseball Bat $75 $82 $96 Refer to Table 24-10. If 2009 is the base year, then the consumer price index was Select one: a. 83.00 in 2008, 100.00 in 2009, and 132.50 in 2010. b. 89.97 in 2008, 100.00 in 2009, and 117.43 in 2010. O c. 90.88 in 2008, 100.00 in 2009, and 117.43 in 2010. O d. 169.50 in 2008, 186.50 in 2009, and 219.00 in 2010.

The table below shows the prices of baseballs and baseball bats for three years. Assume the typical consumer's basket consists of 6 baseballs and 2 baseball bats. Year 2008 2009 2010 Price of a Baseball $3.25 $3.75 $4.50 Price of a Baseball Bat $75 $82 $96 Refer to Table 24-10. If 2009 is the base year, then the consumer price index was Select one: a. 83.00 in 2008, 100.00 in 2009, and 132.50 in 2010. b. 89.97 in 2008, 100.00 in 2009, and 117.43 in 2010. O c. 90.88 in 2008, 100.00 in 2009, and 117.43 in 2010. O d. 169.50 in 2008, 186.50 in 2009, and 219.00 in 2010.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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