Question
Question One 1.1. The data in the table below shows the price (in rand) and quantity...
Question One 1.1.
The data in the table below shows the price (in rand) and quantity of three types of medication in 2013 and 2017.
2013 2017
MEDICATION PRICE QUANTITY PRICE QUANTITY
ELTROXIN (BOX) 40 50 60 70
RYCHOL (BOTTLE) 130 30 170 60
SINUSTAT (PACK) 70 120 80 130
Using 2011 as a base year, calculate
1.1.1. Laspeyre’s price index.
1.1.2. Laspeyre’s quantity index.
Homework Answers
Answer #1
The data in the table below shows the price ( in rand) and quantity of three type of medication in 2013 and 2017....
= Given data :-
Not the answer you're looking for?
Similar Questions
Use Table 1 to graph the Supply and Demand for Vegan Chocolate Chip Cookies: Table 1...
Use Table 1 to graph the Supply and Demand for Vegan Chocolate
Chip Cookies:
Table 1
Price (per box of cookies)
Quantity Demanded
Quantity Supplied
50
160
130
60
150
140
70
140
150
80
130
160
90
120
170
100
110
180
Use Table 1 to answer: If the price of a box of cookies is $60,
is there a shortage in the market? How does price adjust? Explain
and show graphically.
Many factors influence the retail price of gasoline. Suppose the following table shows the average retail...
Many factors influence the retail price of gasoline. Suppose the
following table shows the average retail price for a gallon of
regular grade gasoline for each year from 2011 through 2014. (Round
your answers to one decimal place.)
Year
Average Price
($)
2011
3.526
2012
3.608
2013
3.515
2014
3.368
(a)Use 2011 as the base year and develop a price index
for the retail price of a gallon of regular grade gasoline over
this four-year period.
2011 price index=____?_____
2012...
The data in that table shows the price and quantity demanded for running shoes. Using the...
The data in that table shows the price and quantity demanded for
running shoes. Using the Midpoint Method, what is price elasticity
of demand from point B to point D? Note: Remember to take the
absolute value of the result and round to the nearest hundredth.
Rounding should be done at the end of your calculation. Point Price
Quantity A $120 15,000 B $125 14,600 C $130 14,200 D $135 13,800 E
$140 13,400
The table below shows the prices, price relatives, and quantity sold of three models of a...
The table below shows the prices,
price relatives, and quantity sold of three models of a
factory.
Product
Price
Price relative
(2002 = 100)
Quantity sold in 2002
2002
2003
A
2
P
125
150
B
Q
45
120
75
C
16
24
R
110
(a)
Find the values of P, Q and
R.
(P = 2.5, Q = 37.5 R = 150)
Hence, calculate
(b) a
Laspeyres price index for the products sold in
2003.
(131.144)
From the following table. Take 2010 as the base year. The Data Office fixes the consumer...
From the following table. Take 2010 as the base year. The Data
Office fixes the consumer price index (CPI) basket as 5 liters of
Juice and 2 kg of Chicken.
Year
Price of Juice (in liters)
Quantity of Juice (in liters)
Price of Chicken (in kg)
Quantity of Chicken(in kg)
2010
$2
10
$5
5
2011
$2
11
$5
6
2012
$3
12
$8
6
2013
$4
10
$10
5
a. Calculate the cost of the CPI
basket of goods...
Assume that the following table represents the demand schedule of the product of your company. Price...
Assume that the following table represents the demand schedule
of the product of your company.
Price ZAR
0
10
20
30
40
50
60
70
80
Quantity demanded
160
140
120
100
80
60
40
20
0
Total revenue
Complete the table by completing the revenue figures.
If you were the business owner of the company above, at what
price the quantity would you operate your business. Explain
why.
The table below shows the market for bottled water Price per Bottle Quantity Demanded Quantity Supplied...
The table below shows the market for bottled
water
Price per Bottle
Quantity Demanded
Quantity Supplied
$0.50
10
7
0.75
8
8
1.00
6
9
1.25
4
10
1.50
2
11
Suppose the government imposes a price floor of $1.00 per bottle
of water. The price floor will result in
Group of answer choices
A.A surplus of two bottles
B.A shortage of three bottles
C.A shortage of two bottles
D.A surplus of three bottles
question 3 The following table describes the market for waffles. Price Quantity Demanded Quantity Supplied $1...
question 3 The following table describes the market for
waffles.
Price
Quantity Demanded
Quantity Supplied
$1
110
20
$2
90
60
$3
70
100
$4
50
140
Use the information in the table to find the equilibrium price
and quantity in this market For price please enter your answer as a
numerical response rounded to the nearest cent (ie. 5.00 or $5.50
not 5 or "Five dollars"). For quantity please
enter your answer as a whole number (ie. 60 not...
Year Price of a pair of pants Quantity of a pair of pants Price of hat...
Year
Price of a pair of pants
Quantity of a pair of pants
Price of hat
Quantity of hat
2012
15
100
35
50
2013
25
120
45
70
2014
40
125
50
75
Base year is 2012.
1. Based on GDP deflator, what is the approximate percentage
increase in prices from 2013 to 2014?
a.17.5%
b. 34.4%
c. 45%
d. 25%
2. What is the approximate percentage increase in real GDP from
2013 to 2014?
a. 0%
b. 7.5%...
The following table shows price and quantity data of Country BF which produces only two products:...
The following table shows price and quantity data of Country BF
which produces only two products: food and beverages.
Beverages products
Food products
Price $
Quantity (tons)
Price $
Quantity (tons)
2017
2
2
10
10
2018
3
3
11
20
2019
4
4
13
25
Calculate the following:
a. the nominal GDP for each year
(10 points)
b. the real GDP for each year using
2017 as the base year (10 points)
c. the GDP deflator for each
year (10 points) ...
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 4 minutes ago
asked 20 minutes ago
asked 26 minutes ago
asked 41 minutes ago
asked 45 minutes ago
asked 46 minutes ago
asked 57 minutes ago
asked 57 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 2 hours ago
asked 2 hours ago