Interpret the Following Data on the Relative Price of Cellphones

question 128

Essay

Interpret the following data on the relative price of cellphones and answer the following questions.
$$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Price of All } \\\text { Gands }\end{array} & \begin{array} { c } \text { Price of } \\\text { Bmrirtphanes }\end{array} \\\hline 2015 & 100 & 100 \\\hline 2016 & 103 & 101 \\\hline 2017 & 105 & 102 \\\hline 2018 & 107 & 103 \\\hline\end{array}$$ (A) Calculate the relative price of smartphanes far each year.
(B) Plot the relative price of smartphanes.
(C) What can you 5ay abaut how the price of 5martphanes varied in camparisan to the price of all guads between 2015 and 2018 ?

Identify points of efficient, under-efficient, and impossible production on the PPC.

Understand the allocation of resources in a two-product economy.

Analyse economic changes through graphical data representation.

Understand the concepts and practices related to the depreciation of assets.

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Definitions:

Total Dollar Return

The overall financial gain or loss on an investment, expressed in dollars, including dividends, interest, and capital gains.

Dividend Payments

Cash payments made by a company to its shareholders as a distribution of profits.

Variance

A statistical measurement of the dispersion of a set of data points, reflecting how much each number in the set differs from the mean.

Governor Cut-out

Governor cut-out is a mechanism in compressors or engines designed to disengage or reduce fuel supply once a predetermined speed or pressure is reached, to prevent over-speeding.