Homework Answers
Ans) CPI measures the changes in price levels.
CPI = (cost of market basket in year 1÷ cost of market basket in base year)×100
CPI in base year is always 100.
Cost of market basket = price ×quantity
Inflation = [(CPI 2- CPI 1)/CPI 1]×100
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Economics 201-CWI Taylor Cox, Instructor 9. Fill in the blanks in the table and answer the...
Commodity Market Basket Quantity 10 gallon 10 dozen 10 loaves 2010 Price per Unit 2.00 2.00...
Commodity Market Basket Quantity 10 gallon 10 dozen 10 loaves 2010 Price per Unit 2.00 2.00 2.00 Cost of Market2018 Price Milk Eggs Bread Basket in 2010 20.00 20.00 20.00 per Unit 2.50 3.00 3.00 Cost of Market Basket in 2018 25.00 30.00 30.00 If 2010 is the base year in the table shown above, what is the price index for the year 2018? O A. 100.0 B. 114.7 C. 141.7 O D. 147.1
Show All Your Works For Your Answer: Fill out the white blank below a Data Table...
Show All Your Works For Your Answer: Fill out the white blank below a Data Table 50.00 22.00 3.00 Selling price per unit..........................$ Direct material per unit...... Direct labor per unit Total annual manufacturing overhead.............$ Fixed portion of annual manufacturing overhead .... $ Variable operating expenses per unit sold .........$ Fixed operating expenses per year in total. ........ $ Units manufactured 220,000 198,000 2.00 46,000 22,000 13,000 Units sold ............. Print Done 11. What is cost of goods sold using...
Show All Your Works For Your Answer: Fill out the white blank below 0 Data Table...
Show All Your Works For Your Answer: Fill out the white blank below 0 Data Table 50.00 22.00 3,00 Selling price per unit. ....... Direct material per unit........ Direct labor per unit ..........................$ Total annual manufacturing overhead.............$ Fixed portion of annual manufacturing overhead....$ Variable operating expenses per unit sold .........$ Fixed operating expenses per year in total.... $ Units manufactured........ 220,000 198,000 2.00 46,000 22,000 13,000 Units sold .................................. Print Done 1a. What is the product cost per unit using...
UIse the following to answer question 14 Table: Investment Projects Preject Rate of returs on investment...
UIse the following to answer question 14 Table: Investment Projects Preject Rate of returs on investment Coest of lnvest ment s 500 18 16 14 12 10 1,000 2,000 1.500 1.200 14. (Table: Investment Projects) According to the table Investment Projects, if the market interest rate is 1 1%, the last project undertaken is: A) J. B) G. с) н. D) L 15. Deflation is a(n): A) increase in the average level of prices. B) decrease in the average level...
Correct all answers in red. Please complete entire answer! Ignore the answers with red you think...
Correct all answers in red. Please complete entire answer!
Ignore the answers with red you think are correct!
Problem 17-1A Comparing costs using ABC with the plantwide overhead rate LO P1, P3, A1, A2 The following data are for the two products produced by Tadros Company. Direct materials Direct labor hours Machine hours Batches Volume Engineering modifications Number of customers Market price Product A $15 per unit 0.5 DLH per unit 0.4 MH per unit 200 batches 16,000 units 14...
Assume that the cost data in the following table are for a purely competitive producer:
Assume that the cost data in the following table are for a purely competitive producer: TotalProductAverageFixed CostAverageVariable CostAverageTotal CostMarginal Cost01$60.00$45.00$105.00$45.00230.00 42.50 72.5040.00320.00 40.00 60.0035.00415.00 37.50 52.5030.00512.00 37.00 49.0035.00610.00 37.50 47.5040.0078.57 38.57 47.1445.008 7.50 40.63 48.1355.009 6.67 43.33 50.0065.0010 6.00 46.50 52.5075.00 Instructions: If you are entering any negative numbers be sure to include a negative sign (−) in front of those numbers. Select "Not applicable" and enter a value of "0" for output if the firm does not produce. a. At a product price of $66.00 (i) Will this firm produce in the short run? (Click to select) No Yes (ii) If it is preferable to produce, what...
Saved Problem 9-4 (Algo) Assume that the following cost data are for a perfectly competitive producer...
Saved Problem 9-4 (Algo) Assume that the following cost data are for a perfectly competitive producer 0.00 Total Product Average Fixed Average Average Total Cost Variable Cost Cost Marginal Cost 0 na $ $ 0.00 na 1 $ 60.00 $ 45.00 $ 105.00 $ 45.00 2 S 30.00 $ 42.50 $ 72.50 $ 40.00 3 $ 20.00 $ 40.00 $ 60.00 $ 35.00 4 $ 15.00 $ 37.50 $ 52.50 S 30.00 5 $ $ 37.00 $ 49.00 $ 35.00...
i Saved Problem 9-4 (Algo) Assume that the following cost data are for a perfectly competitive...
i Saved Problem 9-4 (Algo) Assume that the following cost data are for a perfectly competitive producer: Total Product 0 1 2 3 4 Average Fixed Average Average Total Cost Variable Cost Marginal Cost Cost na $ 0.00 $ 0.00 na $ 60.00 $ 45.00 $ 105.00 $ 45.00 $ 30.00 $ 4250 $ 72.50 $ 40.00 $ 20.00 $ 40.00 $ 60.00 $ 35.00 $ 15.00 $ 37.50 $ 52.50 $ 30.00 $ 12.00 $ 37.00 $ 49.00 $...
Imagine you work for a real estate developer. Three years ago, the developer spent $50 million on a plot of land, which is now valued at $60 million. However, the building project has been held up in...
Imagine you work for a real estate developer. Three years ago,
the developer spent $50 million on a plot of land, which is now
valued at $60 million. However, the building project has been held
up in red tape until now, and the company has paid $3 million in
interest on its initial loans. Three years ago they thought they
could build 100 condos for a total of $30 million and sell them for
a total of $100 million. Now,...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
Commodity Market Basket Quantity 10 gallon 10 dozen 10 loaves 2010 Price per Unit 2.00 2.00 2.00 Cost of Market2018 Price Milk Eggs Bread Basket in 2010 20.00 20.00 20.00 per Unit 2.50 3.00 3.00 Cost of Market Basket in 2018 25.00 30.00 30.00 If 2010 is the base year in the table shown above, what is the price index for the year 2018? O A. 100.0 B. 114.7 C. 141.7 O D. 147.1
Show All Your Works For Your Answer: Fill out the white blank below a Data Table 50.00 22.00 3.00 Selling price per unit..........................$ Direct material per unit...... Direct labor per unit Total annual manufacturing overhead.............$ Fixed portion of annual manufacturing overhead .... $ Variable operating expenses per unit sold .........$ Fixed operating expenses per year in total. ........ $ Units manufactured 220,000 198,000 2.00 46,000 22,000 13,000 Units sold ............. Print Done 11. What is cost of goods sold using...
Show All Your Works For Your Answer: Fill out the white blank below 0 Data Table 50.00 22.00 3,00 Selling price per unit. ....... Direct material per unit........ Direct labor per unit ..........................$ Total annual manufacturing overhead.............$ Fixed portion of annual manufacturing overhead....$ Variable operating expenses per unit sold .........$ Fixed operating expenses per year in total.... $ Units manufactured........ 220,000 198,000 2.00 46,000 22,000 13,000 Units sold .................................. Print Done 1a. What is the product cost per unit using...
UIse the following to answer question 14 Table: Investment Projects Preject Rate of returs on investment Coest of lnvest ment s 500 18 16 14 12 10 1,000 2,000 1.500 1.200 14. (Table: Investment Projects) According to the table Investment Projects, if the market interest rate is 1 1%, the last project undertaken is: A) J. B) G. с) н. D) L 15. Deflation is a(n): A) increase in the average level of prices. B) decrease in the average level...
Correct all answers in red. Please complete entire answer!
Ignore the answers with red you think are correct!
Problem 17-1A Comparing costs using ABC with the plantwide overhead rate LO P1, P3, A1, A2 The following data are for the two products produced by Tadros Company. Direct materials Direct labor hours Machine hours Batches Volume Engineering modifications Number of customers Market price Product A $15 per unit 0.5 DLH per unit 0.4 MH per unit 200 batches 16,000 units 14...
Saved Problem 9-4 (Algo) Assume that the following cost data are for a perfectly competitive producer 0.00 Total Product Average Fixed Average Average Total Cost Variable Cost Cost Marginal Cost 0 na $ $ 0.00 na 1 $ 60.00 $ 45.00 $ 105.00 $ 45.00 2 S 30.00 $ 42.50 $ 72.50 $ 40.00 3 $ 20.00 $ 40.00 $ 60.00 $ 35.00 4 $ 15.00 $ 37.50 $ 52.50 S 30.00 5 $ $ 37.00 $ 49.00 $ 35.00...
i Saved Problem 9-4 (Algo) Assume that the following cost data are for a perfectly competitive producer: Total Product 0 1 2 3 4 Average Fixed Average Average Total Cost Variable Cost Marginal Cost Cost na $ 0.00 $ 0.00 na $ 60.00 $ 45.00 $ 105.00 $ 45.00 $ 30.00 $ 4250 $ 72.50 $ 40.00 $ 20.00 $ 40.00 $ 60.00 $ 35.00 $ 15.00 $ 37.50 $ 52.50 $ 30.00 $ 12.00 $ 37.00 $ 49.00 $...
Imagine you work for a real estate developer. Three years ago,
the developer spent $50 million on a plot of land, which is now
valued at $60 million. However, the building project has been held
up in red tape until now, and the company has paid $3 million in
interest on its initial loans. Three years ago they thought they
could build 100 condos for a total of $30 million and sell them for
a total of $100 million. Now,...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
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