In 1979, in the face of rising competition in the fast food hamburger market, mcdonald’s reduced the price of its cheeseburger to $0.43. if the cpi in 1979 was 37.4 and the cpi in 2005 was 100, what is the price of a 1979 cheeseburger in 2005 dollars? (round to the nearest penny.)

1.15

Explanation:

The computation of the price in 2005 dollars is shown below:

= Price in 1979 × (CPI in 2005) ÷ (CPI in 1979)

= $0.43 × (100) ÷ (37.4)

= (43) ÷ (37.4)

= 1.1497 or 1.15

Simply we do the proportion based on the CPI in 2005 and Price in 1979 and then divide it by the CPI in 1979. Based on the given information, the price in 2005 dollars is 1.15

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

1. avoid them

2. a talk with them

3. ask someone you trust

4. ignore

5. call police