I\'m experiencing some personal trouble and cannot efficiently get important ass

Question

I'm experiencing some personal trouble and cannot efficiently get important assignments done. I'm a top student, but at this point the threat of failure is looming and very real. Please, anyone be kind enough to provide a helpful, thorough explanation or solution. I'm immensely grateful to anyone who gives their time and mind. (THE QUESTION IS BELOW)

As an example of a price index, consider the A.C.D.P.I. (a fictitious price index). The

associated basket of goods is:

Good Quantity Price

Coffee 3 lb $8/lb

Bread 3 loaves $1/loaf

Tea 1 lb $15/lb

Aspirin 1 200-tablet bottle $2/bottle

Cola 1 case $6/case

(Question 1)

A. If the price of coffee doubles, what is the resulting percentage change in the

price level? If the price of bread doubles, what is the resulting percentage change in the

price level?

B. Why is the effect of a 100% increase in the price of coffee so much greater

than the effect of a similar change in the price of bread?

C. Assume that the mix of goods in a basket is kept constant for long periods. If

the price of one good rises very rapidly over several years, what will happen to

the relative importance of the other goods in the basket? Is this a problem? (6

points)

D. If the price of coffee increases, we get a positive rate of inflation, even if no

other price rises. Is this really inflation? Explain.

Explanation / Answer

A Caldari who does not know basics of Economics ... What a shame. You must be a Civire. So let me state it in a way that you will understand. Imagine that a standard fit for a mission Kestrel consists of: 3 rigs, which cost 8 thousand ISK per unit 3 launchers, which cost 1 thousand ISK per unit 1 MWD, which costs 15 thousand ISK per unit 1 shield booster, which costs 2 thousand ISK per unit 1 salvager, which costs 6 thousand ISK per unit Before you begin, figure out the total cost of all the units in the fit. Calculator is under Accessories. A. if price of rigs doubles, what is the resulting percentage change in the total cost of the fit? B. If the price of launchers doubles, what is the resulting percentage change in the total cost of the fit? C. Why is the effect of a 100% increase in one price is so much greater than the effect of a similar change in the other price? D. If the price of rigs increases, we get an increase in cost of running missions. But can we claim that price of everything is increasing?

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