Firms A,B,and C Operate in the Market for Computers

question 80

Multiple Choice

Firms A,B,and C operate in the market for computers.Each firm's product is popular in the market and distinct from what the other firms offer.The following table shows the prices of laptops from 2005 through 2007. If 2006 is used as the base year,which of the following statements is true?

• A) The prices in 2007 were 5.02% lower than the prices in 2005.
• B) The price index for 2005 will be 100,as per the unweighted price index.
• C) The unweighted price index for 2007 suggests that laptop prices were 8.17% lower than the prices in 2006,as per the unweighted price index.
• D) The laptop prices in 2005 were 3.48% higher than the prices in 2006,as per the unweighted price index.

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Definitions:

Biological Parents

The parents who contribute their genetic material to the offspring through reproduction.

Heritability

The degree to which genetic differences among individuals contribute to their differences in behavior or traits.

Genetic Differences

Variations in the DNA sequences among individuals that contribute to biological diversity.

Variations

Differences or deviations from the norm within any given population.