In the Case in Point Titled "Take Me Out to the Ball

question 67

Multiple Choice

In the Case in Point titled "Take Me Out to the Ball Game . . .", the average price of the baseball fan market basket (based on the cost of the basket for 30 major league baseball teams) was $197.35 in 2011. The cost of attending a Boston Red Sox game was $339.01 in 2011. Calculate the fan price index for the Boston Red Sox using the average price of the market basket as the equivalent of a base year.

• A) 0.58
• B) 1.67
• C) 1.72
• D) 4.01

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Definitions:

Yellow Tinge

A discoloration often seen in the skin or eyes, which may indicate jaundice and liver or gallbladder problems.

Sclera

The white, outer layer of the eyeball that provides protection and structure.

Jaundice

A yellowish colour of the sclera, mucous membranes, or skin.

Cyanosis

A bluish or purplish discoloration of the skin and mucous membranes due to insufficient oxygenation of the blood.