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A Manufacturing Firm in Beirut Calculates the Price Indices of Gas

question 2

Multiple Choice

A manufacturing firm in Beirut calculates the price indices of gas and electricity as 158 and 242. It uses more gas than electricity, so the weights are 5 and 3 respectively. Calculate the weighted average of relatives (1 decimal place) .

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Definitions:

Cognitive Map

An internal representation of the spatial layout of an environment, allowing individuals to navigate and understand their surroundings.

Wire Monkey

Refers to Harry Harlow's experiments with rhesus monkeys, illustrating the importance of caregiving and companionship in social and cognitive development.

Operant

Pertaining to a form of learning where behavior is controlled by consequences, including rewards and punishments.

Classical

Pertaining to the first significant periods or highest class of an area of study, such as music, art, literature, or in the context of psychology, conditioning.

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