The Following Table Lists the Basket of Goods in the Astro

question 91

Multiple Choice

The following table lists the basket of goods in the Astro Price Index (Assume 2008 is the base year.)
$\begin{array}{|l|c|c|c|c|c|c|} \hline & \begin{array}{c}2008 \\\text { Quantity }\end{array} & \begin{array}{c}2008 \\\text { Price }\end{array} & \begin{array}{c}2009 \\\text { Quantity }\end{array} & \begin{array}{c}2009 \\\text { Price }\end{array} & \begin{array}{c}2010 \\\text { Quantity }\end{array} & \begin{array}{c}2010 \\\text { Price }\end{array} \\\hline \text { Sunglasses } & 8 & \$ 9.00 & 10 & \$ 11.00 & 7 & \$ 10.00 \\\hline \text { Toothpaste } & 15 & 3.00 & 18 & 4.00 & 15 & 4.00 \\\hline \text { Ferrets } & 6 & 12.00 & 4 & 15.00 & 9 & 18.00\\\hline \end{array}$
Table 12.2
-Using the information in Table 12.2, the Astro Price Index for 2010 is

• A)87.
• B)104.
• C)131.
• D)298.

Differentiate between various business structures and their characteristics.

Recognize the effects of interest rates on business investment decisions.

Understand the concepts of the average propensity to consume (APC) and save (APS).

Describe the importance of the capacity utilization rate in economic analysis.

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Definitions:

Private Branding

A strategy where products are produced by one company but are sold under another company's brand or label.

Wholesaler

A person or company that sells goods in large quantities to retailers, rather than to the end consumer.

Retailer

A business or entity that sells goods directly to consumers, acting as the final link in the distribution chain from manufacturers to end users.

Segmentation Branding

The process of dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors, and targeting them with specific brands.