The CPI (using a 2000 base year) for 1965 is 26.0 . Suppose a household's annual take-home pay in 1965 was $8,320 . What would be an equivalent home pay in 2000?
a. $10,483.
b. $21,632.
c. $23,680.
d. $32,000.
d
Economics
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What is the relationship between economies of scale and a natural monopoly?
What will be an ideal response?
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