# finance

posted by .

In the mid 1990s selected automobiles had an average cost of \$12000.The average cost of those same automobiles is now \$20000. What was the rate of increase for these automobiles between the two time periods?

• finance -

20,000 - 12,000 = 8,000

8,000 / 12,000 = = 0.666667 = 67%

## Similar Questions

1. ### Managerial Economics

The coefficient of the price of gasoline in the regression of the quantity demanded of automobiles (in millions of units) on the price of gasoline (in dollars) and other variables is -14. (a) calculate the cross price elasticity of …
2. ### Finance

Determining the inflation rate. In the mid 1990s selected automobiles had an average cost of \$12,000.The average cost of those same automobiles is now \$20,000. What was the rate of increase for these automobiles between the 2 tim eperiods?
3. ### Economics

I have created an accurate graph on excel and I believe the answers to the first 2 portions of the question are: The opportunity cost of the first 2,000 automobiles is the inability to produce 1000 tons of beef or we give up 1000 tons …
4. ### Economics

a. Plot (EXCEL directions are on this site.) these production possibilities data, placing automobiles on the horizontal axis. What is the opportunity cost of the first 2,000 automobiles produced?
5. ### math

In 2000, selected automobiles had an average cost of \$23,000. The average cost of those same automobiles is now \$37,950. What was the rate of increase for these automobiles between the two time periods?
6. ### economic

The table below is a set of hypothetical production possibilities for a nation. Combination Automobiles(thousands) Beef (thousands of tons) A 0 10 B 2 9 C 4 7 D 6 4 E 8 0 a.)Plot the production possibility data. What is the opportunity …
7. ### economic

6. The table below is a set of hypothetical production possibilities for a nation. Combination Automobiles(thousands) Beef (thousands of tons) A 0 10 B 2 9 C 4 7 D 6 4 E 8 0 a) Plot the production possibility data. What is the opportunity …
8. ### economic

6. The table below is a set of hypothetical production possibilities for a nation. Combination Automobiles(thousands) Beef (thousands of tons) A 0 10 B 2 9 C 4 7 D 6 4 E 8 0 a) Plot the production possibility data. What is the opportunity …
9. ### Social Studies

Well- this is kind of social studies...so anyway, I have to do a presentation on automobiles and I wanted to know some problems with automobiles in the 1920's?
10. ### Automobiles in The New and Progressive Eras

I am making a power point on automobiles in the new and progressive era. 3 slides are supposed to have information about the automobiles in them. Can someone help me find some good information?

More Similar Questions