Refer to the above table. You are given information on Jasmin's consumption for 2005 and 2015. Using 2005 as the base year, compute the price index for 2015. The index equals

A) 1.5.
B) 70.588.
C) 141.667.
D) 107.143.

C

Economics

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Of the following, who gains from a tariff?

A) the government of the importing country B) the government of the exporting country C) consumers in the importing country D) producers in the exporting country E) both the government of the exporting country and the government of the importing country

Economics

Giuseppe's Pizza is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price is $15, how much economic profit does the firm make?

A) $0 B) $30 C) -$10 D) -$15

Economics