If the base year CPI basket costs $250 and next year the CPI basket costs $275, what is next year's CPI?
What will be an ideal response?
The CPI equals 100 × ($275/$250 ) = 110.
Economics
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A short-run production function was estimated asQ = ?0.002L3 + 0.16L2At what level of labor usage does the maximum average product occur?
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