Suppose That the Cost of a Statistics Text Was $50

question 12

Multiple Choice

Suppose that the cost of a statistics text was $50 in 1985 and is $100 in 2000. What is the 'Statistics Text Index' number, rounded to the nearest tenth, for the 2000 edition with the 1985 price as the reference value?

• A) 20.0
• B) 200.0
• C) 50.0
• D) 2.0

---

Definitions:

Marginal Social Benefit

The additional benefit to society from consuming one more unit of a good or service.

Street Cleanings

Municipality-provided services that remove dirt, litter, and debris from roads and public spaces to maintain cleanliness and sanitation.

Increases

Situations where there is a rise in the level, amount, or number of a certain variable or condition.

Public Good

A public good is a product or service that is non-excludable and non-rivalrous, meaning it can be used by many people simultaneously without diminishing its availability to others.