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Vlad1618 [11]
2 years ago
8

Laurasia has identified the following goods as its market basket. Here are the prices of those goods over three years.

Business
1 answer:
Zielflug [23.3K]2 years ago
6 0

Answer:

  • 2015 = $94
  • 2016 = $128.50
  • 2017 = $115

Explanation:

A Market Basket is used to calculate inflation overtime by tracking the change in prices of a specific and permanent number of goods and services.

The formula for calculating the market basket is;

Cost of Market Basket_{year} = ∑(Price of good * Basket Quantity of good)

2015

Cost of Market Basket = (25 * 0.4) + (2 * 18) + ( 4 * 12)

Cost of Market Basket = 10 + 36 + 48

Cost of Market Basket = $94

2016

Cost of Market Basket = (25 * 0.5) + (2 * 22) + ( 4 * 18)

Cost of Market Basket = 12.5 + 44 + 72

Cost of Market Basket = $128.50

2017

Cost of Market Basket = (25 * 0.6) + (2 * 20) + ( 4 * 15)

Cost of Market Basket = 15 + 40 + 60

Cost of Market Basket = $115

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Tomtit [17]

Answer:

Explanation:

If there is a warranty, that will be a shoppers protection providing it is not a recall situation. Shopper's Insurance in Canada at least, does not exist.

Unless it is a class action suit, there is no need for mediation.

Boycotts are generally not used in the situation you have described.

8 0
2 years ago
Beachside co. sells two products, skis and snorkels. last year beachside sold 12,600 units of skis and 23,400 units of snorkels.
Nimfa-mama [501]

Total No of Units=12600+23400

=36000 units

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7 0
2 years ago
Bell’s Shop can make 1000 units of a necessary component with the following costs: Direct Materials $24000 Direct Labor 6000 Var
Korolek [52]

Answer:

8,000= fixed overhead

Explanation:

Giving the following information:

Bell’s Shop can make 1000 units of a necessary component with the following costs:

Direct Materials $24000

Direct Labor 6000

Variable Overhead 3000

Fixed Overhead ?

The company can purchase the 1000 units externally for $39000. The unavoidable fixed costs are $2000 if the units are purchased externally.

Buy= 41,000/1,000= $41

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3 0
2 years ago
Assume Italy and Niger can both produce grain and dates, and that the only limited resource is the farming labor force, meaning
ehidna [41]

Answer:

absolute on grain: neither, both produce 10

comparative grain: Italy as renounce to less tonds of dates: 0.5 to 2.5

absolute dates: Niger 25 to 5

comparative dates: Niger as it cost 0.4 tonds of grain to produce 1 ton of dates.

Explanation:

For the absolute, we will check which yield the better number.

Fot the comparative, we will check the opportunity cost:

<em>output/potential output of another product</em>

<em />

opp cost grain in Italy: 5/10 = 0.5 tons of dates

opp cost grain in Niger: 25/10 = 2.5 tonds of dates

opp cost dates in Italy: 10/5 = 2 tonds of grain

opp cost dates in Niger 10/25 = 0.4 tonds of grain

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2 years ago
ou might be an information systems worker if you _________. a. prefer a slow-paced environment, where technology rarely changes
matrenka [14]

Answer: The answer is C

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2 years ago
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