Posted by **Ojie** on Thursday, February 17, 2011 at 5:13pm.

Assuming that the following table describes a typical consumerâ€™s complete budget, compute the item weights for each product.

Item: Quantity: Unit price:

Coffee 20 pounds $5

Tuition 1 year $4,000

Pizza 100 pizzas $8

DVD rental 75 days $5

Vacation 2 weeks $450

Q6 Suppose the prices listed in the table for Problem 5 changed from one year to the next, as shown below. Use the rest of the table to complete the average inflation rate.

Unit Price

____________________________

Item Last Year This Year % Change in Price X Item Weight = Inflation Impact

Coffee $5 $6_____ ______ _______

Tuition $4,000 $7,000 _____ ____ ____

Pizza $8 $10 _____ _____ _____

DVDrent $5 $10 ____ _____ ____

Vacation$450 $500 ____ ___ ____

## Answer This Question

## Related Questions

- Computer programming - Ok so the question is this: the manager of the Super ...
- Macroeconomics - working on homework & stuck on these three questions. Someone ...
- math - Find three brands of a grocery item that you purchase and figure the ...
- programming - Create three (3) one-dimensional arrays: Item Number, Quantity-on-...
- Economics(Please respond, thank you) - The table below shows the market basket ...
- Ecomonics(Urgent,please respond) - The table below shows the market basket ...
- Macroeconomics - Suppose that the government decides to subject producers of ...
- Accounting - I am attempting to complete a budget matrix. Is a consultant listed...
- accounting - Incremental Analysis question: I know the answer is $4.20, but I ...
- Managerial Accounting - Sandusky Inc. has the following costs when producing 100...

More Related Questions