Consider the Following Price (In Dollars)and Quantity Data for Two

question 30

Essay

Consider the following price (in dollars)and quantity data for two items during 2010 and 2011. If the value of the Laspeyres price index for 2011,using 2010 as the base year,is 89.46,find the price of item 1 in 2011.

Understand the concept of equivalent ratios and how to reduce them to their smallest terms.

Apply principles of proportions to solve for unknown quantities.

Understand and apply the concept of lowest terms in ratios.

Calculate the ratios of real-world quantities, including financial and material allocations.

---

Definitions:

Males or Females

Terms that refer to the two primary categories of biological sex in many species, including humans, based on reproductive functions and secondary sexual characteristics.

Hermaphrodites

Organisms that have both male and female reproductive organs, allowing them to perform both roles in reproduction.

Intersexed

Individuals having reproductive or sexual anatomy that doesn’t fit the typical definitions of female or male, often due to genetic, hormonal, or anatomical variations.

Ambiguous Genitals

A condition present at birth where the external genitalia do not have the typical appearance of either male or female, making it difficult to assign a baby's sex.