Business, 05.05.2020 07:20 dazesreplayy5363

He table below lists the prices from last year and the base year for a college-related basket of goods. Basket of College-Related Goods Basket of Goods Price Base Year (dollars) Price Last Year (dollars) Gasoline (per gallon) $ 2.05 $2.60 Pizza (per pizza) 4.75 8.15 Beer (per 6-pack) 4.25 7.07 Textbook (per book) 102.00 234.00 Instructions: Round your answers to two decimal places. a. What is the total cost for a basket of goods that includes 210 gallons of gas, 55 pizzas, 40 6-packs, and 4 textbooks? In the base year: $ Last year: $ b. Using this basket of goods, compute the following CPI values: In the base year: Last year: c. Assume that rather than buying textbooks for their courses last year, all students decided to buy online access cards at $95 per textbook. Compute the total cost for this basket of goods and the CPI.

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He table below lists the prices from last year and the base year for a college-related basket of goo...

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