Toyota Motor Corp

question 47

Multiple Choice

Toyota Motor Corp., once considered a company synonymous with reliability and customer satisfaction, has being engulfed in a perfect storm with millions of cars recalled. The following table shows the monthly adjusted close price per share of Toyota from October 2009 to March 2010. Which of the following is the simple price index for February 2010 with December 2009 as the base?

• A) 112.47
• B) 88.91
• C) 94.85
• D) 105.43

---

Definitions:

Efficient Economy

An economy that optimally allocates its resources, producing the maximum amount of goods and services possible from its input resources.

Consumers Demand

The desire of purchasers, consumers, or clients for a particular commodity or service supported by purchasing power.

Least Possible Cost

The minimum expenditure necessary to achieve a specific outcome or procure a good or service, often used in the context of production or economic theory.

Positive Economics

The branch of economics that focuses on objective analysis and facts to describe how economies actually work.