Table 11-6 -Refer to Table 11-6

question 54

Multiple Choice

Table 11-6. The table below applies to an economy with only two goods - hamburgers and hot dogs. The fixed basket consists of 4 hamburgers and 8 hot dogs. $$\begin{array} { l c c } \hline \text { Year } & \text { Priee of hamburegers } & \text { Prife of hat doges } \\\hline 2009 & \$ 5.00 & \$ 3.00 \\2010 & 5.50 & 3.30 \\2011 & 5.61 & 3.63 \\\hline\end{array}$$
-Refer to Table 11-6. Between 2010 and 2011, the cost of living increased by

• A)5.30 percent.
• B)6.36 percent.
• C)7.78 percent.
• D)We need to know the base year in order to answer this question.

---

Definitions:

Escalation Of Commitment

A behavioral pattern where individuals continue to invest in a decision despite new evidence suggesting it may be wrong, often due to sunk costs.

Business's Weaknesses

Refers to the internal factors and characteristics of a business that limit its effectiveness and ability to compete.

Misleading Information

False or inaccurate information that is presented in a way that deceives or misguides the audience.

Product Placement

A marketing strategy where branded products are placed in the context of media content, such as movies or TV shows, without explicit advertisement.