Government survey takers determine that typical family expenditures each month in the year designated as the base year are as follows:
• 25 pizzas, $10 each
• apartment rent, $600 per month
• gasoline and car maintenance, $100 per month
• phone service (basic service plus 10 long-distance calls), $50 per month
in the year following the base year, the survey takers determine that pizzas have risen to $11 each, apartment rent is $610, gasoline and maintenance costs are $115, and phone service has dropped in price to $40.
instructions: enter your responses by rounding the cpi to three decimal places and the rate of inflation to one decimal place.
a. find the cpi in the subsequent year and the rate of inflation between the base year and the subsequent year.
cpi: .
rate of inflation: %.
b. the family’s nominal income rose by 5 percent between the base year and the subsequent year. are they worse off or better off in terms of what their income is able to buy?
the family is (click to select)still in the same positionbetter offworse off.

Table 1. shows the expected demand for the dvd at different suggested donation levels, and they can act as a single-price monopolist if they choose to. thereceipts will be used to fund gstcg supplies for their data collection and conservation work. at the end of each sea turtle nesting season, any excess funds are donated by the gstcg to a local non-profit sea turtle research and rehabilitation facility. table 1 suggested anticipated total marginal profit donation per number of dvd revenue revenue dvd request requests $19.00 0 $15.00 2 $9.50 4 $7.75 10 $3.00 15 $0.00 20 a. complete table 1 by computing the total revenue, marginal revenue, and profit columns. b. the president wants the gstcg to provide videos to generate the most possible donations (total revenue). what price, if any, is the president of the gstcg favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. c. the education outreach committee wants the gstcg to provide videos to the highest possible number of people. what price, if any, is the educational outreach committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. d. the treasurer of the gstcg wants the dvd program to be as efficient as possible so that the marginal revenue equals marginal cost. what price, if any, is the treasurer favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. e. the fundraising committee wants the dvd program to generate as much profit in donations as possible. what price, if any, is the fundraising committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer.