Table 13-4 $\text { Base Year }$ $\quad$ $\quad$

question 35

Multiple Choice

Table 13-4
$\text { Base Year }$ $\quad$ $\quad$ (2013) $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ 2018
$\begin{array}{|c|c|c|c|c|}\hline {\text { Product }} & \text { Quantity } & \text { Price } & \text { Quantity } & \text { Price } \\\hline \text { Meat } & 100 & \$ 10 & 120 & \$ 12 \\\hline \text { Potatoes } & 200 & 2 & 180 & 3\\\hline\end{array}$
-Refer to Table 13-4.Assume the market basket for the consumer price index has two products-meat and potatoes-with the following values in 2013 and 2018 for price and quantity: The Consumer Price Index for 2018 equals

• A) 125.
• B) 129.
• C) 135.
• D) 141.

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Definitions:

Variable Costs

Costs that vary in direct proportion to the level of production or business activity.

Fixed Costs

Costs that do not vary with the level of production or sales, such as salaries, rent, and insurance.

Logistics Department

The division within a company that is responsible for the management of the movement of goods and materials.

West Division

A geographical or organizational sector of a company that focuses on operations or markets in the western region.