Suppose There Are Two Good Types (Type 1 and Type

question 69

Multiple Choice

Suppose there are two good types (Type 1 and Type 2) and suppose the weights for the types are 70% for Type 1 and 30% for Type 2. Suppose the Price Index for Type 1 is 200 and the Price Index for Type 2 is 100. The overall price index is

• A)is 140.
• B)is 150.
• C)is 170.
• D)is 300.

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Definitions:

Cellulose

A complex carbohydrate that forms the primary structural component of plant cell walls and is not digestible by humans.

Carbohydrates

Organic compounds made up of carbon, hydrogen, and oxygen, serving as a major energy source and structural component of living organisms.

Hemoglobin

An iron-containing protein in red blood cells that is essential for the transport of oxygen from the lungs to the tissues of the body.

Proteins

Large molecules composed of amino acids, essential for structure, function, and regulation of the body's tissues and organs.