EconomicsQ1. On a certain day in 2018, Noel purchased the following goods: Newspaper (P20), 1 piece of bread (P10), coffee (P11.9), shoes (P2316), LED TV (P8838), and Bus fare (P100). Estimate the total cost of the same goods Noel purchased 3 years in the future (2021) using Cost Index.

Q2. DSMC Import Company developed a new processing line for which the delivered equipment cost was $1.75 million. This year, the board of directors decided to expand into new markets and expects to build the current version of the same line. Estimate the cost if the following factors are applicable: construction cost factor is 0.29, installation cost factor is 0.66, indirect cost factor applied against equipment is 0.17.