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The typical consumer's food basket in the base year 2015 is as follows: 30 chickens at $3.00 each 10 hams at $6.00 each 10 steaks

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The typical consumer's food basket in the base year 2015 is as follows: 30 chickens at $3.00 each 10 hams at $6.00 each 10 steaks at $8,00 each A chicken feed shortage causes the price of chickens to rise to $5.00 each in the year 2016. Hamis rise to $700 each, and the price of steaks is unchanged a. Calculate the change in this cost of eating index between 2015 and 2016 Cost of the basket $ 2015 2016 Instructions: Enter your responses rounded to one decimal place The official cost-of-eating index has Click to select by b. Suppose that consumers are completely indifferent between two chickens and one ham. For this example, how large is the substitution blas in the official "cost of-eating index? The

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