At the beginning of 1960 the CPI was 29.6. At the beginning of 2000 it was approximately 170.8. Which of the following most closely approximates the forty-year rate of inflation?

A. 141 percent
B. 282 percent
C. 350 percent
D. 477 percent
E. 550 percent

Answer: D. 477 percent

Economics

Refer to the above table. Given the demand and cost schedules, what is the profit-maximizing price for this monopolist?

A) $9 B) $12 C) $11 D) $10

View

Economics

Describe in brief the structure of a franchise contract

View

Economics