ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Perform these same calculations for 2018 and 2019, and enter the results in the following table.
2017
2018
2019
Price
Cost
Price
Cost
Price
Cost
Quantity in Basket
(Dollars)
(Dollars)
(Dollars)
(Dollars)
(Dollars)
(Dollars)
Notebooks
10
2
20
10
30
Calculators
1
50
50
54
54
75
75
Large coffees
200
200
1
200
1
200
Energy drinks
100
200
3
300
4
400
Textbooks
10
100
1,000
120
1,200
150
1,500
Total cost
1,470
1.764
2,205
Price index
100
Suppose the base year for this price index is 2017.
In the last row of the table, calculate and enter the value of the CSPI for the remaining years.
Between 2017 and 2018, the CSPI increased by
Between 2018 and 2019, the CSPI increased by
100%
54°F
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F4
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Transcribed Image Text:Perform these same calculations for 2018 and 2019, and enter the results in the following table. 2017 2018 2019 Price Cost Price Cost Price Cost Quantity in Basket (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) Notebooks 10 2 20 10 30 Calculators 1 50 50 54 54 75 75 Large coffees 200 200 1 200 1 200 Energy drinks 100 200 3 300 4 400 Textbooks 10 100 1,000 120 1,200 150 1,500 Total cost 1,470 1.764 2,205 Price index 100 Suppose the base year for this price index is 2017. In the last row of the table, calculate and enter the value of the CSPI for the remaining years. Between 2017 and 2018, the CSPI increased by Between 2018 and 2019, the CSPI increased by 100% 54°F PrtSc Insert Delete F4 F5 F6 F7 F8 F9 F10 F11 F12
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