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The Consumer Price Index (CPI) is a measure of the average change in price over time from a designated reference period, at which it equals
The Consumer Price Index (CPI) is a measure of the average change in price over time from a designated reference period, at which it equals 100. The index is based on prices of basic consumer goods and services. The table provided lists the CPI for several years from 1960 to 2012. If the price change in cars parallels the change in the CPI, what would a car sell for (to the nearest dollar) in 2012 if a comparable model sold for $13,000 in 1999? In 2012, a car would sell for approximately $ 2985 . (Round to the nearest dollar.) A plant can manufacture 50 golf clubs per day at a total daily cost of $4899 and 70 golf clubs per day for a total cost of $6199. (A) Assuming that daily cost and production are linearly related, nd the total daily cost, C, of producing x golf clubs. (B) Graph the total daily cost for 0 5x5 200. (C) Interpret the slope and y intercept of the cost equation. (A) C = (Simplify your answer. Use integers or fractions for any numbers in the expression. Do not include the $ symbol in your answer.) The manager of a restaurant found that the cost to produce 200 cups of coffee is $29.00, while the cost to produce 400 cups is $49.00. Assume the relationship between the cost y to produce x cups of coffee is linear. 3. Write a linear equation that expresses the cost, y, in terms of the number of cups of coffee, x. b. How many cups of coffee are produced if the cost of production is $57.00? a. y = (Use integers or decimals for any numbers in the expression.)
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