Refer to the Information Provided in Table 22

question 161

Multiple Choice

Refer to the information provided in Table 22.6 below to answer the question(s) that follow.
Table 22.6
-Refer to Table 22.6. If 2014 is the base year, the price index in 2016 is

• A) 59.8.
• B) 71.3.
• C) 128.7.
• D) 140.2.

Interpret the implications of different grading policies on students’ preferences.

Distinguish between bundles of goods and preferences in decision-making.

Appreciate the complexity of consumer choice through visual representation of preferences.

Solve mathematical problems related to the slope and position of indifference curves.