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Refer to the information provided in Table 7.3 below to answer the questions that follow. Table 7.3 Price per Unit in Units Purchased 2013 2014 2015 2016 Blueberries 8 $2.00 $2.00 $2.10 $2.40 Pineapples 5 $2.00 $2.50 $2.50 $3.00 Cheese 3 $2.50 $3.00 $3.50 $4.00 Refer to Table 7.3. If 2014 is the base year, the price index in 2013 is OA. 89.3. B. 96.0. C. 104.0. OD. 111.9.

Refer to the information provided in Table 7.3 below to answer the questions that follow. Table 7.3 Price per Unit in Units Purchased 2013 2014 2015 2016 Blueberries 8 $2.00 $2.00 $2.10 $2.40 Pineapples 5 $2.00 $2.50 $2.50 $3.00 Cheese 3 $2.50 $3.00 $3.50 $4.00 Refer to Table 7.3. If 2014 is the base year, the price index in 2013 is OA. 89.3. B. 96.0. C. 104.0. OD. 111.9.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Refer to the information provided in Table 7.3 below to answer the questions that follow. Table 7.3 Price per Unit in Units Purchased 2013 2014 2015 2016 Blueberries 8 $2.00 $2.00 $2.10 $2.40 Pineapples 5 $2.00 $2.50 $2.50 $3.00 Cheese 3 $2.50 $3.00 $3.50 $4.00 Refer to Table 7.3. If 2014 is the base year, the price index in 2013 is OA. 89.3. B. 96.0. C. 104.0. OD. 111.9.
Transcribed Image Text:Refer to the information provided in Table 7.3 below to answer the questions that follow. Table 7.3 Price per Unit in Units Purchased 2013 2014 2015 2016 Blueberries 8 $2.00 $2.00 $2.10 $2.40 Pineapples 5 $2.00 $2.50 $2.50 $3.00 Cheese 3 $2.50 $3.00 $3.50 $4.00 Refer to Table 7.3. If 2014 is the base year, the price index in 2013 is OA. 89.3. B. 96.0. C. 104.0. OD. 111.9.
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